Stock market today: S&P 500 rides Apple-led tech rally to close higher
In a challenging economic climate, Western Asset Global High Income Fund Inc. (EHI) stock has reached a 52-week low, dipping to $6.5. According to InvestingPro data, the fund offers an attractive 12.8% dividend yield and has maintained dividend payments for 23 consecutive years, providing a steady income stream despite market volatility. This latest price movement reflects a broader trend of investor caution. Trading at a P/E ratio of 9.9x with a beta of 0.96, the fund shows relatively low price volatility. The descent to this year’s low underscores the challenges faced by income-focused funds amidst fluctuating interest rates and global market pressures. InvestingPro analysis indicates the stock is in oversold territory, with 7 additional ProTips available for subscribers monitoring EHI’s performance through these uncertain financial waters.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.