Ex-Div Reminder for Western Asset High Income Fund II (HIX)

Looking at the universe of stocks we cover at Dividend Channel, on 9/17/14, Western Asset High Income Fund II (HIX) will trade ex-dividend, for its monthly dividend of $0.069, payable on 9/26/14. As a percentage of HIX's recent stock price of $9.20, 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 9/17/14.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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 9.00% 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 $8.87 per share, with $9.59 as the 52 week high point — that compares with a last trade of $9.20.

In Monday trading, Western Asset High Income Fund II shares are currently up about 0.3% on the day.

More from Stocks

Dow Logs Eighth Straight Drop as Stocks Slump

Dow Logs Eighth Straight Drop as Stocks Slump

Novo Nordisk Stock Rises 4% Over 2 Sessions

Novo Nordisk Stock Rises 4% Over 2 Sessions

Stock Market Just Took Another Beating -- Here's What You Need to Know

Stock Market Just Took Another Beating -- Here's What You Need to Know

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

This Is What's Hot Thursday - Stocks Slide, Intel's CEO Woes & Major Movers

Daimler's Profit Warning Should Terrify Traders Before Earnings Season Begins

Daimler's Profit Warning Should Terrify Traders Before Earnings Season Begins