Legg Mason BW Global Income Opportunities Fund Inc. Announces Monthly Dividend of $0.08 (NYSE:BWG)

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, April 23rd will be given a dividend of 0.08 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Thursday, April 23rd.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of BWG opened at $8.34 on Tuesday. Legg Mason BW Global Income Opportunities Fund has a fifty-two week low of $7.46 and a fifty-two week high of $8.94. The firm has a 50 day moving average price of $8.50 and a 200-day moving average price of $8.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BWG. Shaker Financial Services LLC raised its position in Legg Mason BW Global Income Opportunities Fund by 53.7% during the 2nd quarter. Shaker Financial Services LLC now owns 382,468 shares of the company’s stock valued at $3,209,000 after purchasing an additional 133,608 shares during the last quarter. Advisors Asset Management Inc. increased its position in Legg Mason BW Global Income Opportunities Fund by 194.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 305,560 shares of the company’s stock valued at $2,652,000 after buying an additional 201,810 shares in the last quarter. Rareview Capital LLC bought a new position in Legg Mason BW Global Income Opportunities Fund during the 2nd quarter valued at approximately $216,000. Wolverine Asset Management LLC purchased a new position in Legg Mason BW Global Income Opportunities Fund during the second quarter valued at $399,000. Finally, Cerity Partners LLC bought a new stake in Legg Mason BW Global Income Opportunities Fund in the second quarter worth $105,000.

About Legg Mason BW Global Income Opportunities Fund

Legg Mason BW Global Income Opportunities Fund (NYSE:BWG) is a diversified closed-end management investment company that seeks to provide current income and capital appreciation. The fund primarily invests in global fixed income securities, including non-investment grade bonds, emerging market debt and high-yield corporate obligations. It may also allocate to convertible securities, preferred stocks, dividend-paying equities and other income-producing assets to enhance overall yield.

The fund employs leverage to potentially increase its income-generating capacity and is designed to deliver monthly distributions to shareholders.