Western Asset High Income Fund II Inc. (HIX) to Issue Monthly Dividend of $0.05 on May 29th

Western Asset High Income Fund II Inc. (NYSE:HIX) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be given a dividend of 0.049 per share by the closed-end fund on Friday, May 29th. This represents a c) annualized dividend and a yield of 14.9%. The ex-dividend date is Thursday, May 21st.

Western Asset High Income Fund II Stock Performance

Western Asset High Income Fund II stock opened at $3.94 on Tuesday. The firm’s fifty day moving average price is $3.96 and its 200-day moving average price is $4.11. Western Asset High Income Fund II has a fifty-two week low of $3.75 and a fifty-two week high of $4.40.

Institutional Trading of Western Asset High Income Fund II

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC raised its position in shares of Western Asset High Income Fund II by 45.5% during the 1st quarter. Ashton Thomas Securities LLC now owns 16,000 shares of the closed-end fund’s stock valued at $64,000 after buying an additional 5,000 shares in the last quarter. Absolute Investment Advisers LLC purchased a new stake in shares of Western Asset High Income Fund II during the 1st quarter valued at $209,000. World Investment Advisors purchased a new stake in shares of Western Asset High Income Fund II during the 4th quarter valued at $418,000. NWF Advisory Services Inc. raised its position in shares of Western Asset High Income Fund II by 11.0% during the 4th quarter. NWF Advisory Services Inc. now owns 463,940 shares of the closed-end fund’s stock valued at $1,930,000 after buying an additional 46,140 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Western Asset High Income Fund II during the 4th quarter valued at $196,000.

About Western Asset High Income Fund II

Western Asset High Income Fund II (NYSE: HIX) is a closed-end management investment company that seeks to provide high current income by investing primarily in below-investment-grade debt instruments. The fund pursues a diversified portfolio of high-yield corporate bonds, senior loans, mortgage- and asset-backed securities, and emerging-market debt, aiming to generate attractive yield while managing credit and interest rate risk.

The fund may employ leverage through borrowings and the issuance of preferred shares to enhance its income potential.