Western Asset Global High Income Fund Inc. (NYSE:EHI) Plans $0.07 Monthly Dividend

Western Asset Global High Income Fund Inc. (NYSE:EHI – Get Rating) declared a monthly dividend on Wednesday, May 18th, Wall Street Journal reports. Shareholders of record on Friday, July 22nd will be given a dividend of 0.067 per share on Monday, August 1st. This represents a $0.80 annualized dividend and a yield of 10.85%. The ex-dividend date of this dividend is Thursday, July 21st.

Western Asset Global High Income Fund has raised its dividend payment by an average of 3.2% annually over the last three years.

Shares of Western Asset Global High Income Fund stock traded down $0.05 during mid-day trading on Wednesday, hitting $7.41. 145 shares of the stock were exchanged, compared to its average volume of 45,224. Western Asset Global High Income Fund has a twelve month low of $7.44 and a twelve month high of $10.77. The company has a 50-day simple moving average of $8.06 and a 200 day simple moving average of $9.02.

Several institutional investors have recently added to or reduced their stakes in EHI. Invesco Ltd. boosted its position in shares of Western Asset Global High Income Fund by 2.1% in the fourth quarter. Invesco Ltd. now owns 365,985 shares of the company’s stock worth $3,701,000 after acquiring an additional 7,642 shares during the last quarter. LPL Financial LLC boosted its position in shares of Western Asset Global High Income Fund by 9.4% in the fourth quarter. LPL Financial LLC now owns 293,434 shares of the company’s stock worth $2,967,000 after acquiring an additional 25,259 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Western Asset Global High Income Fund in the fourth quarter worth approximately $1,456,000. Guggenheim Capital LLC boosted its position in shares of Western Asset Global High Income Fund by 32.0% in the first quarter. Guggenheim Capital LLC now owns 125,601 shares of the company’s stock worth $1,063,000 after acquiring an additional 30,462 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Western Asset Global High Income Fund by 20.6% in the first quarter. Advisor Group Holdings Inc. now owns 38,407 shares of the company’s stock worth $325,000 after acquiring an additional 6,558 shares during the last quarter.

Western Asset Global High Income Fund Company Profile (Get Rating)

Western Asset Global High Income Fund 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. It invests in the fixed income markets across the globe.

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