Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Friday, February 16th, Wall Street Journal reports. Investors of record on Friday, May 25th will be paid a dividend of 0.0455 per share by the closed-end fund on Friday, June 1st. This represents a $0.55 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date is Thursday, May 24th.
Western Asset High Income Fund II has decreased its dividend payment by an average of 10.1% annually over the last three years.
Shares of Western Asset High Income Fund II opened at $6.53 on Wednesday, according to Marketbeat Ratings. Western Asset High Income Fund II has a one year low of $5.97 and a one year high of $7.37.
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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