Western Asset High Income Fund II (HIX) Earning Very Favorable Media Coverage, AlphaOne Reports

Media headlines about Western Asset High Income Fund II (NYSE:HIX) have been trending very positive recently, AlphaOne Sentiment reports. The research group, a division of Accern, identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Western Asset High Income Fund II earned a news sentiment score of 0.51 on AlphaOne’s scale. AlphaOne also gave media stories about the closed-end fund an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.

Shares of Western Asset High Income Fund II (NYSE HIX) opened at 7.27 on Friday. Western Asset High Income Fund II has a 12-month low of $6.53 and a 12-month high of $7.46. The stock’s 50 day moving average price is $7.35 and its 200 day moving average price is $7.22. The company has a market cap of $626.70 million and a P/E ratio of 9.65.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 1st. Investors of record on Friday, July 21st will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.25%. The ex-dividend date is Wednesday, July 19th.

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About Western Asset High Income Fund II

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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