HIX Stock Overview
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.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$6.73|
|52 Week High||US$7.75|
|52 Week Low||US$6.64|
|1 Month Change||-0.30%|
|3 Month Change||-7.81%|
|1 Year Change||-0.88%|
|3 Year Change||9.08%|
|5 Year Change||-5.74%|
|Change since IPO||-55.13%|
Recent News & Updates
HIX: Is It Resilient Enough To Face A Period Of Higher Inflation?
HIX is heavily invested in various fixed-income securities, which could come under pressure in a period of higher inflation or rising interest rates. HIX has been able to weather the challenges of the COVID-19 pandemic exceptionally well over the last year. The fund offers a monthly distribution of $0.049, which makes up an 8.10% yield, as of 05/26/2021.
Western Asset High Income Fund II declares $0.049 dividend
Western Asset High Income Fund II (HIX) declares $0.049/share monthly dividend, in line with previous.Forward yield 8.53%Payable Dec. 31; for shareholders of record Dec. 23; ex-div Dec. 22.Payable Feb. 1; for shareholders of record Jan. 22; ex-div Jan. 21.Payable Mar. 1; for shareholders of record Feb. 19; ex-div Feb. 18.See HIX Dividend Scorecard, Yield Chart, & Dividend Growth.
|HIX||US Capital Markets||US Market|
Return vs Industry: HIX underperformed the US Capital Markets industry which returned 30.2% over the past year.
Return vs Market: HIX underperformed the US Market which returned 13.7% over the past year.
|HIX Average Weekly Movement||1.7%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.9%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: HIX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: HIX's weekly volatility (2%) has been stable over the past year.
About the Company
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.
Western Asset High Income Fund II Fundamentals Summary
|HIX fundamental statistics|
Is HIX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HIX income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Oct 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.86|
|Net Profit Margin||130.77%|
How did HIX perform over the long term?See historical performance and comparison
8.7%Current Dividend Yield
Does HIX pay a reliable dividends?See HIX dividend history and benchmarks
|Western Asset High Income Fund II dividend dates|
|Ex Dividend Date||Jan 21 2022|
|Dividend Pay Date||Feb 01 2022|
|Days until Ex dividend||3 days|
|Days until Dividend pay date||14 days|
Does HIX pay a reliable dividends?See HIX dividend history and benchmarks
Is Western Asset High Income Fund II undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIX ($6.73) is trading below our estimate of fair value ($6.8)
Significantly Below Fair Value: HIX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: HIX is good value based on its PE Ratio (7.8x) compared to the US Capital Markets industry average (15.9x).
PE vs Market: HIX is good value based on its PE Ratio (7.8x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HIX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HIX is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.4x).
How is Western Asset High Income Fund II forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Western Asset High Income Fund II has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Western Asset High Income Fund II performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIX has a large one-off gain of $18.5M impacting its October 31 2021 financial results.
Growing Profit Margin: HIX's current net profit margins are higher than last year (12.8%).
Past Earnings Growth Analysis
Earnings Trend: HIX's earnings have declined by 11.4% per year over the past 5 years.
Accelerating Growth: HIX's earnings growth over the past year (595%) exceeds its 5-year average (-11.4% per year).
Earnings vs Industry: HIX earnings growth over the past year (595%) exceeded the Capital Markets industry 86.4%.
Return on Equity
High ROE: HIX's Return on Equity (12.3%) is considered low.
How is Western Asset High Income Fund II's financial position?
Financial Position Analysis
Short Term Liabilities: HIX's short term assets ($16.7M) do not cover its short term liabilities ($196.2M).
Long Term Liabilities: HIX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: HIX's net debt to equity ratio (43%) is considered high.
Reducing Debt: HIX's debt to equity ratio has increased from 36.8% to 43.6% over the past 5 years.
Debt Coverage: HIX's debt is well covered by operating cash flow (123.9%).
Interest Coverage: HIX's interest payments on its debt are well covered by EBIT (24.3x coverage).
What is Western Asset High Income Fund II current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: HIX's dividend (8.74%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: HIX's dividend (8.74%) is in the top 25% of dividend payers in the US market (3.44%)
Stability and Growth of Payments
Stable Dividend: HIX's dividend payments have been volatile in the past 10 years.
Growing Dividend: HIX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68.1%), HIX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jane Trust (59 yo)
Ms. Jane Elizabeth Trust, CFA, serves as Chief Executive Officer and President at Legg Mason Partners Fund Advisor, LLC. Ms. Trust has been Chairman of the Board, President and Chief Executive Officer at W...
Experienced Management: HIX's management team is considered experienced (3 years average tenure).
Experienced Board: HIX's board of directors are seasoned and experienced ( 11.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Western Asset High Income Fund II Inc.'s employee growth, exchange listings and data sources
- Name: Western Asset High Income Fund II Inc.
- Ticker: HIX
- Exchange: NYSE
- Founded: 1998
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$395.655m
- Shares outstanding: 58.79m
- Website: https://institutional.myleggmason.com/portal/server.pt?open=512&objID=1377&cached=true&mode=2&userID=225408&mktcd=HIX
- Western Asset High Income Fund II Inc.
- 620 Eighth Avenue
- 49th Floor
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/16 23:13|
|End of Day Share Price||2022/01/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.