Western Asset High Income (NYSE:HIX) announced a monthly dividend on Friday, February 16th, Wall Street Journal reports. Investors of record on Friday, April 20th will be paid a dividend of 0.0455 per share by the closed-end fund on Tuesday, May 1st. This represents a $0.55 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Thursday, April 19th.
Western Asset High Income has decreased its dividend payment by an average of 10.1% annually over the last three years.
Shares of HIX stock opened at $6.59 on Friday. Western Asset High Income has a twelve month low of $5.97 and a twelve month high of $7.46.
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About Western Asset High Income
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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