Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Western Asset High Income Fund II Inc. (HIX)

Company Dividend Discount ModelIndustry: Asset Management - IncomeSector: Financial Services

Valuation Snapshot

Stable Growth$5.73 - $8.62$7.09
Multi-Stage$12.03 - $13.19$12.60
Blended Fair Value$9.85
Current Price$4.08
Upside141.33%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS1.86%-2.91%0.530.390.360.330.430.480.470.500.600.65
YoY Growth--35.06%6.81%12.09%-24.33%-10.36%2.92%-7.08%-16.54%-7.27%-8.30%
Dividend Yield--12.90%8.98%7.63%6.05%6.07%8.71%6.97%7.66%8.10%9.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)68.10
(-) Cash Dividends Paid (M)65.45
(=) Cash Retained (M)2.65
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.628.515.11
Cash Retained (M)2.652.652.65
(-) Cash Required (M)-13.62-8.51-5.11
(=) Excess Retained (M)-10.97-5.86-2.46
(/) Shares Outstanding (M)100.60100.60100.60
(=) Excess Retained per Share-0.11-0.06-0.02
LTM Dividend per Share0.650.650.65
(+) Excess Retained per Share-0.11-0.06-0.02
(=) Adjusted Dividend0.540.590.63
WACC / Discount Rate7.27%7.27%7.27%
Growth Rate-2.00%-1.00%0.00%
Fair Value$5.73$7.09$8.62
Upside / Downside40.36%73.84%111.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)68.1067.4266.7566.0865.4264.7766.71
Payout Ratio96.11%94.89%93.67%92.44%91.22%90.00%92.50%
Projected Dividends (M)65.4563.9862.5261.0959.6858.2961.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.27%7.27%7.27%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)59.0459.6460.24
Year 2 PV (M)53.2454.3355.44
Year 3 PV (M)48.0149.4951.01
Year 4 PV (M)43.2845.0746.92
Year 5 PV (M)39.0141.0443.16
PV of Terminal Value (M)967.561,017.951,070.41
Equity Value (M)1,210.141,267.531,327.18
Shares Outstanding (M)100.60100.60100.60
Fair Value$12.03$12.60$13.19
Upside / Downside194.84%208.82%223.35%

High-Yield Dividend Screener

« Prev Page 81 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
003003.SZGuangdong Tengen Industrial Group Co.,Ltd.1.60%$0.2158.54%
3026.KLDutch Lady Milk Industries Berhad1.60%$0.5028.77%
4380.TM - mart Inc.1.60%$20.8626.17%
5878.KLKPJ Healthcare Berhad1.60%$0.0454.29%
BUAH.JKPT Segar Kumala Indonesia Tbk1.60%$10.5034.44%
CBTT-B.STChristian Berner Tech Trade AB (publ)1.60%$0.6024.79%
SEER3.SASer Educacional S.A.1.60%$0.1517.88%
SPNSSapiens International Corporation N.V.1.60%$0.7061.01%
000963.SZHuadong Medicine Co., Ltd1.59%$0.6329.78%
002560.SZHenan Tong-Da Cable Co., Ltd.1.59%$0.1698.75%
002942.SZZhejiang XinNong Chemical Co.,Ltd.1.59%$0.3153.92%
016590.KSShindaeyang Paper Co., Ltd.1.59%$202.4828.25%
0J7X.LMBB SE1.59%$3.3332.74%
300957.SZYunnan Botanee Bio-Technology Group Co.LTD1.59%$0.6373.46%
366030.KQ09WOMEN Co., Ltd.1.59%$90.0829.50%
4736.TNippon RAD Inc.1.59%$9.9013.56%
600487.SSHengtong Optic-Electric Co., Ltd.1.59%$0.3933.97%
6201.TToyota Industries Corporation1.59%$283.1141.29%
688129.SSDonglai Coating Technology (Shanghai) Co., Ltd.1.59%$0.3241.19%
688312.SSShenzhen Yanmade Technology Inc.1.59%$0.5361.22%
688569.SSBeijing Tieke Shougang Rail Way-Tech Co., Ltd.1.59%$0.3543.76%
9324.TYasuda Logistics Corporation1.59%$34.9731.59%
ASSA-B.STASSA ABLOY AB (publ)1.59%$5.6642.81%
BEI-UN.TOBoardwalk Real Estate Investment Trust1.59%$1.0317.62%
DEPO.JKPT Caturkarda Depo Bangunan Tbk1.59%$4.2032.09%
DSNG.JKPT Dharma Satya Nusantara Tbk1.59%$24.0015.91%
F9D.SIBoustead Singapore Limited1.59%$0.0314.46%
OZL.AXOZ Minerals Limited1.59%$0.4555.76%
000920.SZVontron Technology Co., Ltd.1.58%$0.2038.51%
000960.SZYunnan Tin Company Limited1.58%$0.4438.02%
002340.SZGEM Co., Ltd.1.58%$0.1355.09%
300015.SZAier Eye Hospital Group Co., Ltd.1.58%$0.1749.80%
3925.TDouble Standard Inc.1.58%$27.4225.04%
4721.TWOMechema Chemicals International Corp.1.58%$1.1041.13%
603082.SSRIAMB (Beijing) Tech Dvlp Co1.58%$0.5857.18%
603289.SSZhejiang Tederic Machinery Co., Ltd.1.58%$0.1644.78%
603332.SSSuzhou Longjie Special Fiber Co., Ltd.1.58%$0.2287.52%
603993.SSCMOC Group Limited1.58%$0.3234.49%
7555.TOta Floriculture Auction Co.,Ltd.1.58%$11.8147.37%
ALPHA.ATAlpha Bank S.A.1.58%$0.0615.49%
OTP.BDOTP Bank Nyrt.1.58%$554.0413.23%
002550.SZChangzhou Qianhong Biopharma CO.,LTD1.57%$0.1235.18%
033530.KSSjg Sejong Co. Ltd.1.57%$162.926.60%
056190.KQSFA Engineering Corporation1.57%$380.3551.85%
300035.SZHunan Zhongke Electric Co., Ltd.1.57%$0.3343.86%
AGOAssured Guaranty Ltd.1.57%$1.4017.16%
CJA.FAlimentation Couche-Tard Inc.1.57%$0.5520.13%
MNIT.BKMFC-Nichada Thani Property Fund 21.57%$0.0321.78%
000573.SZDongGuan Winnerway Industry Zone Ltd.1.56%$0.0663.16%
000958.SZSPIC Industry-Finance Holdings Co., Ltd.1.56%$0.1060.59%