HIX Ex-Dividend Reminder - 10/16/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/16/13, Western Asset High Income Fund II ( HIX) will trade ex-dividend, for its monthly dividend of $0.075, payable on 10/25/13. As a percentage of HIX's recent stock price of $9.39, this dividend works out to approximately 0.80%, so look for shares of Western Asset High Income Fund II to trade 0.80% lower — all else being equal — when HIX shares open for trading on 10/16/13.

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Below is a dividend history chart for HIX, showing historical dividends prior to the most recent $0.075 declared by Western Asset High Income Fund II:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HIX is likely to continue, and whether the current estimated yield of 9.58% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HIX shares, versus its 200 day moving average:

Western Asset High Income Fund II 200 Day Moving Average Chart

Looking at the chart above, HIX's low point in its 52 week range is $8.53 per share, with $10.56 as the 52 week high point — that compares with a last trade of $9.40.
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