Western Asset High Income (HIX) to Issue Monthly Dividend of $0.05

Western Asset High Income (NYSE:HIX) declared a monthly dividend on Tuesday, May 15th, Wall Street Journal reports. Stockholders of record on Friday, June 22nd will be paid a dividend of 0.0455 per share by the closed-end fund on Monday, July 2nd. This represents a $0.55 annualized dividend and a dividend yield of 8.40%. The ex-dividend date of this dividend is Thursday, June 21st.

Western Asset High Income has decreased its dividend by an average of 10.1% annually over the last three years.

Shares of Western Asset High Income traded up $6.50, hitting $6.50, during trading on Wednesday, MarketBeat reports. The stock had a trading volume of 289,100 shares, compared to its average volume of 276,075. Western Asset High Income has a 12 month low of $6.51 and a 12 month high of $6.51.

Western Asset High Income 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.

Dividend History for Western Asset High Income (NYSE:HIX)

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