In a challenging economic climate, Western Asset High Income II (HIX) stock has reached a 52-week low, dipping to $4.19. The $379 million fund currently offers an attractive 13.9% dividend yield, according to InvestingPro data. This latest price level reflects a significant downturn from the previous year, with the fund experiencing a 1-year total return of -2.61%. Investors are closely monitoring HIX as it navigates through the volatile market conditions that have pressured the high-yield debt sector, leading to concerns about the fund’s performance and future income potential. Despite market volatility, HIX has maintained dividend payments for 27 consecutive years, with InvestingPro analysis revealing 6 additional key insights about the fund’s financial health and dividend sustainability.
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