Western Asset Global High Income Fnd Inc (NYSE:EHI) Plans $0.06 Monthly Dividend

Western Asset Global High Income Fnd Inc (NYSE:EHI) declared a monthly dividend on Wednesday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.063 per share on Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date is Thursday, August 22nd.

Western Asset Global High Income Fnd has decreased its dividend payment by an average of 13.9% annually over the last three years.

Shares of EHI remained flat at $$9.88 during trading hours on Friday. 30,000 shares of the stock were exchanged, compared to its average volume of 133,764. Western Asset Global High Income Fnd has a 1-year low of $7.99 and a 1-year high of $9.93.

In related news, major shareholder Saba Capital Management, L.P. purchased 12,170 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was acquired at an average price of $9.64 per share, for a total transaction of $117,318.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders bought a total of 469,445 shares of company stock valued at $4,547,178 in the last quarter.

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Western Asset Global High Income Fnd Company Profile

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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Dividend History for Western Asset Global High Income Fnd (NYSE:EHI)

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