Favorable Press Coverage Somewhat Unlikely to Affect Western Asset High Income Fund II (HIX) Share Price

News headlines about Western Asset High Income Fund II (NYSE:HIX) have been trending positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Western Asset High Income Fund II earned a coverage optimism score of 0.36 on Accern’s scale. Accern also gave news stories about the closed-end fund an impact score of 47.2345034999689 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Western Asset High Income Fund II (HIX) traded down $0.02 during mid-day trading on Friday, reaching $6.66. 336,976 shares of the company’s stock traded hands, compared to its average volume of 412,063. Western Asset High Income Fund II has a 52-week low of $5.97 and a 52-week high of $7.46.

The business also recently announced a monthly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 16th will be issued a dividend of $0.046 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.55 annualized dividend and a yield of 8.29%.

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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.

Insider Buying and Selling by Quarter for Western Asset High Income Fund II (NYSE:HIX)

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