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

Western Asset Global High Income Fund Inc. (NYSE:EHI) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, May 21st will be given a dividend of 0.07 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 13.1%. The ex-dividend date is Thursday, May 21st.

Western Asset Global High Income Fund Stock Performance

Shares of EHI traded down $0.02 during trading hours on Monday, hitting $6.41. 166,122 shares of the company were exchanged, compared to its average volume of 112,361. The firm’s 50 day moving average is $6.43 and its 200-day moving average is $6.46. Western Asset Global High Income Fund has a 52 week low of $6.11 and a 52 week high of $6.80.

Institutional Investors Weigh In On Western Asset Global High Income Fund

A number of hedge funds have recently bought and sold shares of EHI. GraniteShares Advisors LLC bought a new position in shares of Western Asset Global High Income Fund in the fourth quarter worth about $2,733,000. Shaker Financial Services LLC grew its holdings in Western Asset Global High Income Fund by 61.5% in the 2nd quarter. Shaker Financial Services LLC now owns 414,977 shares of the company’s stock valued at $2,743,000 after buying an additional 158,042 shares during the last quarter. Absolute Investment Advisers LLC increased its position in Western Asset Global High Income Fund by 50.3% in the 4th quarter. Absolute Investment Advisers LLC now owns 467,620 shares of the company’s stock worth $2,986,000 after buying an additional 156,485 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of 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 worth $4,372,000 after buying an additional 118,129 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of Western Asset Global High Income Fund during the second quarter worth approximately $644,000.

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.