Western Asset High Income Fund II Inc. (NYSE:HIX) Declares $0.05 Monthly Dividend

Posted by MarketBeat News on Nov 16th, 2023

Western Asset High Income Fund II Inc. (NYSE:HIX – Get Free Report) announced a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Wednesday, January 24th will be paid a dividend of 0.049 per share by the closed-end fund on Thursday, February 1st. This represents a $0.59 dividend on an annualized basis and a dividend yield of 13.08%. The ex-dividend date of this dividend is Tuesday, January 23rd.

Western Asset High Income Fund II has increased its dividend payment by an average of 1.8% annually over the last three years.

Western Asset High Income Fund II Stock Performance

HIX opened at $4.50 on Thursday. Western Asset High Income Fund II has a twelve month low of $4.16 and a twelve month high of $5.71. The firm’s 50-day moving average price is $4.48 and its 200 day moving average price is $4.69.

Institutional Inflows and Outflows

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A number of institutional investors have recently bought and sold shares of HIX. Clear Street Markets LLC acquired a new stake in shares of Western Asset High Income Fund II in the first quarter valued at approximately $36,000. Stifel Financial Corp purchased a new position in Western Asset High Income Fund II in the second quarter worth approximately $53,000. Private Advisor Group LLC acquired a new stake in Western Asset High Income Fund II during the first quarter worth $64,000. Jane Street Group LLC purchased a new stake in Western Asset High Income Fund II in the second quarter valued at $66,000. Finally, HighTower Advisors LLC acquired a new position in shares of Western Asset High Income Fund II in the 3rd quarter valued at $70,000.

About Western Asset High Income Fund II

(Get Free Report)

Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.