Western Asset Global High Income Fnd (EHI) Sets New 52-Week Low at $8.64

Shares of Western Asset Global High Income Fnd Inc (NYSE:EHI) reached a new 52-week low on Wednesday . The stock traded as low as $8.64 and last traded at $8.66, with a volume of 970 shares trading hands. The stock had previously closed at $8.72.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Friday, October 19th will be paid a $0.061 dividend. The ex-dividend date is Thursday, October 18th. This represents a $0.73 annualized dividend and a dividend yield of 8.45%.

Several large investors have recently added to or reduced their stakes in EHI. Saba Capital Management L.P. increased its stake in shares of Western Asset Global High Income Fnd by 75.2% in the 2nd quarter. Saba Capital Management L.P. now owns 2,154,522 shares of the company’s stock valued at $19,649,000 after acquiring an additional 924,640 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Western Asset Global High Income Fnd in the 2nd quarter valued at $1,736,000. Wells Fargo & Company MN increased its stake in shares of Western Asset Global High Income Fnd by 31.3% in the 1st quarter. Wells Fargo & Company MN now owns 200,752 shares of the company’s stock valued at $1,889,000 after acquiring an additional 47,901 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Western Asset Global High Income Fnd by 214.3% in the 1st quarter. Stifel Financial Corp now owns 48,543 shares of the company’s stock valued at $457,000 after acquiring an additional 33,100 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Western Asset Global High Income Fnd in the 2nd quarter valued at $3,500,000.

Western Asset Global High Income Fnd Company Profile (NYSE:EHI)

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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