Western Asset High Income Fund II Inc. (NYSE:HIX) Raises Dividend to $0.05 Per Share

Western Asset High Income Fund II Inc. (NYSE:HIX) declared a dividend on Wednesday, August 2nd, NASDAQ reports. Shareholders of record on Friday, September 22nd will be paid a dividend of 0.049 per share by the closed-end fund on Monday, October 2nd. The ex-dividend date of this dividend is Thursday, September 21st. This is an increase from Western Asset High Income Fund II’s previous dividend of $0.05.

Western Asset High Income Fund II Trading Down 0.6 %

Shares of HIX traded down $0.03 during mid-day trading on Tuesday, reaching $4.71. 37,050 shares of the company’s stock were exchanged, compared to its average volume of 153,078. Western Asset High Income Fund II has a 52-week low of $4.14 and a 52-week high of $5.71. The company has a 50-day simple moving average of $4.88 and a two-hundred day simple moving average of $4.84.

Hedge Funds Weigh In On Western Asset High Income Fund II

Several hedge funds have recently bought and sold shares of HIX. UBS Group AG lifted its position in shares of Western Asset High Income Fund II by 5.9% in the first quarter. UBS Group AG now owns 2,289,066 shares of the closed-end fund’s stock valued at $11,125,000 after acquiring an additional 127,284 shares in the last quarter. Morgan Stanley boosted its stake in shares of Western Asset High Income Fund II by 4.6% during the 4th quarter. Morgan Stanley now owns 247,316 shares of the closed-end fund’s stock worth $1,197,000 after purchasing an additional 10,828 shares during the last quarter. Creative Planning grew its holdings in shares of Western Asset High Income Fund II by 253.7% during the second quarter. Creative Planning now owns 233,477 shares of the closed-end fund’s stock worth $1,151,000 after buying an additional 167,474 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Western Asset High Income Fund II by 2.2% in the first quarter. Baird Financial Group Inc. now owns 183,499 shares of the closed-end fund’s stock valued at $1,105,000 after buying an additional 3,937 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Western Asset High Income Fund II by 25.7% in the second quarter. Osaic Holdings Inc. now owns 115,233 shares of the closed-end fund’s stock valued at $562,000 after buying an additional 23,527 shares during the last quarter.

About Western Asset High Income Fund II

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.