Media coverage about Western Asset High Income Fund II (NYSE:HIX) has been trending positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western Asset High Income Fund II earned a news sentiment score of 0.42 on Accern’s scale. Accern also assigned news coverage about the closed-end fund an impact score of 48.2821823701232 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Western Asset High Income Fund II (HIX) traded up 0.56% on Friday, reaching $7.14. 131,759 shares of the company traded hands. The stock has a 50-day moving average price of $7.19 and a 200 day moving average price of $7.25. Western Asset High Income Fund II has a 1-year low of $6.53 and a 1-year high of $7.46.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th will be issued a $0.049 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $0.59 dividend on an annualized basis and a yield of 8.24%.
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Western Asset High Income Fund II Company Profile
Western Asset High Income Fund II Inc (the Fund) is a diversified, closed-end management investment company. The Fund seeks to maximize current income by investing approximately 80% of its net assets, plus any borrowings for investment purposes, in high-yield debt securities. As a secondary objective, the Fund seeks capital appreciation to the extent consistent with its objective of seeking to maximize current income.
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