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

Western Asset High Income Fund II Inc. (NYSE:HIX) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.0465 per share by the closed-end fund on Thursday, August 1st. This represents a $0.56 annualized dividend and a dividend yield of 8.23%. The ex-dividend date of this dividend is Thursday, July 18th.

Western Asset High Income Fund II has decreased its dividend by an average of 12.9% per year over the last three years.

Shares of HIX traded up $0.04 during midday trading on Friday, hitting $6.78. The stock had a trading volume of 83,600 shares, compared to its average volume of 211,912. Western Asset High Income Fund II has a fifty-two week low of $5.42 and a fifty-two week high of $6.79.

In related news, major shareholder Saba Capital Management, L.P. purchased 14,509 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was acquired at an average cost of $6.57 per share, for a total transaction of $95,324.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have purchased 381,182 shares of company stock valued at $2,518,658.

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Western Asset High Income Fund II Company Profile

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.

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

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