profit from every $100 of sales.
$0$100
Western Asset High Income Fund II
$3.41+0.00% today
-19.4% in 1 year
1-year low $3.341-year high $4.33
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2024 to 2025.
0%20% a year
You pay $9.52 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Western Asset High Income Fund II sold, what it kept, and what it did with the cash.
Sales went from -$40.5 million in 2022 to $32.7 million in 2025, with $32.3 million of profit last year.
SalesProfit
Western Asset High Income Fund II handed back more cash to shareholders than it generated last year.
$53M
Free cash flow 2025$48M
Bought back its own shares–
Paid as dividends$53M
Cash vs. debt$2M vs. $193M
Western Asset High Income Fund II vs. similar companies
Western Asset High Income Fund II grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Western Asset High Income Fund II | 9.5× · Cheap | ||
 Nuveen AMT-Free Quality Municipal Income Fund | 36.9× · Expensive | ||
 Eaton Vance Tax-Managed Global Diversified Equity Income Fund | 6.9× · Cheap | ||
 Nuveen Preferred & Income Opportunities Fund | 6.7× · Cheap | ||
 PIMCO Corporate & Income Opportunity Fund | 8.6× · Cheap |
AI analysis
An AI analyst reads Western Asset High Income Fund II's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -40 | -30 | 30 | 33 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| -41 | -31 | 29 | 32 | |
| -0.69 | -0.47 | 0.49 | 0.36 | |
| – | – | – | – | |
| – | – | – | – | |
| 101.5% | 102.7% | 96.9% | 98.6% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 541 | 447 | 611 | 586 |
| Cash | 3 | 3 | 0 | 2 |
| Total debt | 179 | 122 | 179 | 193 |
| Total liabilities | 195 | 133 | 206 | 202 |
| 345 | 314 | 405 | 384 | |
| 60 | 65 | 90 | 90 | |
| – | – | – | – | |
| -11.9% | -9.7% | 7.2% | 8.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 33 | 58 | -123 | 48 | |
| – | – | – | – | |
| 33 | 58 | -123 | 48 | |
| Dividends paid | 33 | 37 | 39 | 53 |
| – | 0 | – | – | |
| – | – | – | – |
Valuation
- 9.5×
- –
- –
- 0.9×
- 9.4×
- 6.4×
- –
- 15.6%
- 10.5%
- 14.9%
Profitability
- 52.2%
- 101.1%
- 98.6%
- 99.7%
- 8.4%
- 3.2%
- 10.0%
- 6.6%
- 12.3%
- –
Growth
- +8.2%
- −26.5%
- +139.0%
- +0.0%
- +5,663.9%
Financial health
- 3.8×
- 0.48
- 31.7%
- 5.0×
- 0.09
- 0.09
- 0.08
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 30%of 848
Top 25%of 880
Top 50%of 878
Top 14%of 932
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Oct 31, 2025 | 0.40 | – | – |
| Oct 31, 2024 | 0.33 | – | – |
| Oct 18, 2024 | 0.36 | – | – |
| Oct 30, 2023 | -0.03 | – | – |
| Apr 30, 2023 | 0.07 | – | – |
| Oct 31, 2022 | -0.31 | – | – |
| Jun 29, 2022 | -0.43 | – | – |
| Oct 31, 2021 | 0.08 | – | – |
14.9%of the share price, paid each year
On $1,000 invested$149a year at today's yield, before tax
+0.0%2020 to 2025
Raised–not every year
Paid per share, each year
$0.83 in 2015 → $0.59 in 2025
How safe it looks
164.1% of its profit
Room to growStretchedMore than it earns: 110.8%
News
Western Union purchase of Intermex gets conditional California approvalSeeking Alpha · Nov 11, 2026Western Forest Products reports Q3 resultsSeeking Alpha · Nov 6, 2026What Did Western Digital's Latest Quarter Change For Its Stock?Yahoo Finance · Oct 28, 2026Western Digital, Allegro MicroSystems, Amtech, and Teradyne shares skyrocket, what you need to knowYahoo Finance · Oct 27, 2026Western New England GAAP EPS of $0.32 beats by $0.06, revenue of $23.9M beats by $2.84MSeeking Alpha · Oct 27, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
Not enough data
Questions about Western Asset High Income Fund II
Is Western Asset High Income Fund II a good stock to buy?
A business with weak numbers, and the price looks low. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Western Asset High Income Fund II AI analysis
What does Western Asset High Income Fund II do?
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. It is in Asset Management - Income.
Does Western Asset High Income Fund II pay a dividend?
Yes. At today's price the dividend is 14.9% a year, about 164% of its yearly profit. In 2025 it paid out $52.9 million in dividends.
Is Western Asset High Income Fund II stock halal?
No. Western Asset High Income Fund II does not pass our halal screen: its main business, interest-based asset management, is not permitted. How we check
How has Western Asset High Income Fund II stock done over the past year?
Down 19.4% over the past twelve months, to $3.41. It traded between $3.34 and $4.33 and is 21.2% below its high.
Who are Western Asset High Income Fund II's competitors?
The largest listed companies in the same industry are Nuveen AMT-Free Quality Municipal Income Fund, Eaton Vance Tax-Managed Global Diversified Equity Income Fund, Nuveen Preferred & Income Opportunities Fund and PIMCO Corporate & Income Opportunity Fund. The peers table on this page compares their profit, growth and price with Western Asset High Income Fund II's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.