Western Asset Global High Income Fund Inc. (EHI)
Financial Services · NYQ
Fundamentals
Valuation and ratings
Western Asset Global High Income Fund Inc. trades at USD5.79, which is 126% below the USD13.07 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 67 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 11.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
EHI dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.490 | 7 |
| 2025 | USD0.840 | 12 |
| 2024 | USD0.834 | 12 |
| 2023 | USD0.804 | 12 |
| 2022 | USD0.804 | 12 |
| 2021 | USD0.804 | 12 |
| 2020 | USD0.802 | 12 |
| 2019 | USD0.755 | 12 |
| 2018 | USD0.738 | 12 |
| 2017 | USD0.854 | 12 |
| 2016 | USD1.14 | 12 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Western Asset Global High Income Fund Inc.
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. The fund invests in undervalued bonds of companies operating across diversified sectors. It seeks to invest in a portfolio of below investment grade fixed income securities, emerging market fixed income securities and investment grade fixed income securities. The fund employs quantitative analysis to build its portfolio. It invests in fixed income securities with an average credit quality of BB as per S&P and an average duration of 3.8 years. The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Aggregate Index, the Barclays Capital U.S. Corporate High Yield 2% Issuer Cap Index, and the JPMorgan Emerging Markets Bond Index Global. It was formerly known as Salomon Brothers Global High Income Fund Inc. Western Asset Global High Income Fund Inc. was formed on July 28, 2003 and is domiciled in the United States.
EHI passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Western Asset Global High Income Fund Inc. (EHI) undervalued?
Against our discounted cash flow estimate of USD13.07, EHI at USD5.79 is 126% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is EHI's P/E ratio?
EHI trades at 11.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Western Asset Global High Income Fund Inc. (EHI) pay a dividend?
Yes. Western Asset Global High Income Fund Inc. yields 14.21% at the current share price. It has paid USD0.840 per share over the trailing twelve months. It has paid a dividend in each of the last 23 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.