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

Western Asset Global High Income Fund Inc. (NYSE:EHI) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.07 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Tuesday, March 24th.

Western Asset Global High Income Fund Stock Down 0.4%

Western Asset Global High Income Fund stock traded down $0.02 during trading hours on Monday, hitting $6.41. The stock had a trading volume of 166,122 shares, compared to its average volume of 112,361. The stock’s 50-day moving average price is $6.43 and its 200-day moving average price is $6.46. Western Asset Global High Income Fund has a 12-month low of $6.11 and a 12-month high of $6.80.

Hedge Funds Weigh In On Western Asset Global High Income Fund

A number of hedge funds have recently bought and sold shares of EHI. Shaker Financial Services LLC grew its holdings in shares of Western Asset Global High Income Fund by 61.5% in the second quarter. Shaker Financial Services LLC now owns 414,977 shares of the company’s stock worth $2,743,000 after acquiring an additional 158,042 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of Western Asset Global High Income Fund by 5.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 243,741 shares of the company’s stock worth $1,594,000 after acquiring an additional 12,743 shares during the last quarter. Invesco Ltd. grew its position in shares of Western Asset Global High Income Fund by 2.2% during the 2nd quarter. Invesco Ltd. now owns 320,778 shares of the company’s stock valued at $2,098,000 after acquiring an additional 7,038 shares during the period. Guggenheim Capital LLC lifted its position in Western Asset Global High Income Fund by 21.5% during the second quarter. Guggenheim Capital LLC now owns 668,502 shares of the company’s stock valued at $4,372,000 after purchasing an additional 118,129 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Western Asset Global High Income Fund during the second quarter valued at about $53,000.

About Western Asset Global High Income Fund

Western Asset Global High Income Fund (NYSE: EHI) is a diversified, closed-end management investment company that seeks to provide high current income by investing primarily in a broad range of high-yield and emerging-market debt securities. The fund’s portfolio typically includes corporate and sovereign bonds, bank loans, convertible securities and other credit instruments denominated in U.S. dollars and foreign currencies. By accessing global credit markets, EHI aims to capture attractive yield opportunities across developed and developing economies.

Launched in the late 2000s, the fund employs both fundamental credit analysis and top-down macroeconomic research to construct a portfolio that balances income generation with risk management.