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

Western Asset Global High Income Fund Inc. (NYSE:EHI) announced a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Wednesday, January 24th will be paid a dividend of 0.067 per share on Thursday, February 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.33%. The ex-dividend date is Tuesday, January 23rd.

Western Asset Global High Income Fund has increased its dividend by an average of 2.2% annually over the last three years.

Western Asset Global High Income Fund Price Performance

Shares of EHI opened at $6.52 on Thursday. Western Asset Global High Income Fund has a 1 year low of $6.00 and a 1 year high of $7.90. The company’s 50 day simple moving average is $6.56 and its 200 day simple moving average is $6.94.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in Western Asset Global High Income Fund by 60.7% in the first quarter. Envestnet Asset Management Inc. now owns 26,228 shares of the company’s stock valued at $222,000 after purchasing an additional 9,910 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in Western Asset Global High Income Fund by 20.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 38,407 shares of the company’s stock valued at $325,000 after buying an additional 6,558 shares during the period. Raymond James & Associates purchased a new position in shares of Western Asset Global High Income Fund during the 1st quarter worth about $104,000. NewEdge Advisors LLC lifted its holdings in shares of Western Asset Global High Income Fund by 8.5% during the 1st quarter. NewEdge Advisors LLC now owns 156,320 shares of the company’s stock worth $1,324,000 after acquiring an additional 12,274 shares during the period. Finally, Lumature Wealth Partners LLC acquired a new stake in shares of Western Asset Global High Income Fund in the first quarter worth approximately $263,000.

About Western Asset Global High Income Fund

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.