Western Asset High Income Fund II Inc. (HIX)
| Market Value | 399.76M |
| Revenue (ttm) | 43.42M |
| Net Income (ttm) | 29.31M |
| Shares Out | 90.03M |
| EPS (ttm) | 0.33 |
| PE Ratio | 13.64 |
| Forward PE | n/a |
| Dividend | $0.59 (13.24%) |
| Ex-Dividend Date | Nov 21, 2024 |
| Volume | 346,056 |
| Open | 4.460 |
| Previous Close | 4.465 |
| Day's Range | 4.440 - 4.470 |
| 52-Week Range | 4.200 - 5.060 |
| Beta | 1.02 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About HIX
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. The fund invests in securities of companies that operate across diversified sectors. It invests in high yield debt securities issued by U.S., foreign corporations and foreign governments. The fund em... [Read more]
News
Wall Street Missed The Memo On These Bond Yields Up To 13%
It's a party on Wall Street! While the suits fawn over the hot “Trump trade” stocks, we dividend investors are going to dumpster dive.
HIX: More Downside Than Upside For This CEF
HIX, a high-leverage fixed-income CEF, blends U.S. high-yield and emerging market bonds, making it a high beta play in the fixed-income space. With credit spreads at historic lows, leveraging up is im...
Western Asset High Income Fund II Inc. Announces Results of Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Western Asset High Income Fund II Inc. Announces Financial Position as of July 31, 2024
NEW YORK--(BUSINESS WIRE)--Category: Financials.
HIX: Some Good Characteristics, But Distribution Is Destructive
Western Asset High Income Fund II offers a high 13.42% yield but has a concerning performance trend, with a 50.11% share price decline over ten years. The HIX closed-end fund's high leverage (32.28%) ...
Building A 10% Income Portfolio Today
Six years ago, I wrote my first article on investing, in which I outlined the criteria that had guided me when constructing my first income portfolio. I have tried to retrace here the steps leading up...
HIX: Global Exposure Is Nice, But Underperformance And NAV Destruction Suggests Caution
Western Asset High Income Fund II has a current yield of 13.27%, outperforming its peers in terms of yield. The HIX closed-end fund's share price has declined by 34.90% over the past three years, unde...
Weekly CEF Roundup: First Trust MLP CEF Mergers Approved, Saba Buys BSTZ, PDX Goes Monthly
5 out of 22 closed-end fund sectors positive on price and 1 out of 22 sectors positive on NAV. Saba targets BSTZ, while PDX moves to a monthly distribution. First Trust MLP CEF mergers are approved by...
2 Bargain Funds Paying 10%+ Dividends (One Is Clearly Superior)
Closed-end funds sometimes give us hard choices
Western Asset High Income Fund II Inc. (NYSE: HIX) Announces Portfolio Management Team Update
NEW YORK--(BUSINESS WIRE)--Effective March 1, 2024, the named portfolio management team responsible for the day-to-day oversight of the Fund is as follows:
HIX: Better Valuation After Rights Offering, But Questionable Track Record
The Western Asset High Income Fund II is undergoing a rights offering, which has pushed the fund to a deep discount.
HIX: Yet Another Rights Offering
Western Asset High Income Fund II has utilized rights offerings in the past to raise new capital. The 2022 rights offering raised approximately $31 million, which was deployed into purchasing new asse...
CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities
Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, mea...
HIX: High Income Fund, But Not Quite Appealing
Western Asset High Income Fund II offers exposure to a globally diversified portfolio focused on high-yield fixed income. The HIX closed-end fund currently trades at a small discount, and that is part...
HIX: Broad Mandate Fixed Income CEF, 12% Yield
HIX is a fixed income CEF with a broad investment mandate in the fixed income space. The fund contains a mix of corporate and sovereign bonds, with an allocation that can switch weightings between inv...
Certain Closed End Funds Advised by Legg Mason Partners Fund Advisor, LLC Announce Appointment of New Lead Independent Director
The Board of each Fund announced today the appointment of Eileen Kamerick as Lead Independent Director, effective November 8, 2022. Ms. Kamerick replaces William Hutchinson, the former Lead Independen...
Western Asset High Income Fund II Inc. Announces Financial Position as of July 31, 2022
NEW YORK--(BUSINESS WIRE)--Category: Financials
HIX: Rights Offering Recap And Future Prospects
HIX's rights offering has concluded. The subscription floor prevented more severe dilution.