Western Asset High Income Fund II About To Put More Money In Your Pocket (HIX)

Looking at the universe of stocks we cover at Dividend Channel, on 8/20/14, Western Asset High Income Fund II ( HIX) will trade ex-dividend, for its monthly dividend of $0.069, payable on 8/29/14. As a percentage of HIX's recent stock price of $9.26, this dividend works out to approximately 0.75%, so look for shares of Western Asset High Income Fund II to trade 0.75% lower — all else being equal — when HIX shares open for trading on 8/20/14.

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Below is a dividend history chart for HIX, showing historical dividends prior to the most recent $0.069 declared by Western Asset High Income Fund II:

HIX+Dividend+History+Chart

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 8.94% 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 $8.72 per share, with $9.59 as the 52 week high point — that compares with a last trade of $9.25.

In Monday trading, Western Asset High Income Fund II shares are currently up about 0.7% on the day.

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