Understanding Western Asset High Income's Ex-Dividend Date

On November 17, 2020, Western Asset High Income HIX announced shareholders can expect to receive a dividend payable on February 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Western Asset High Income is set for January 21, 2021. The company's current dividend payout sits at $0.05, equating to a dividend yield of 8.65% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Western Asset High Income's Dividend Payouts And Yields

Over the past year, Western Asset High Income has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on October 22, 2020 the company's payout was $0.05, which has returned to its value today. Western Asset High Income's dividend yield last year was 8.78%, which has since decreased by 0.13%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Western Asset High Income's previous dividends.