In a challenging economic climate, Western Asset Global High Income Fund Inc. (EHI) stock has reached a 52-week low, dipping to $6.55. Despite market pressures, the fund maintains a remarkable ~13% dividend yield and has sustained dividend payments for 22 consecutive years, according to InvestingPro data. This latest price point presents an interesting opportunity, with the fund actually showing a positive YTD return of 2.93%. Trading at a P/E ratio of 7.78 and demonstrating historically low price volatility, EHI has maintained stability despite market fluctuations. The 52-week low serves as a critical indicator for potential investors, who may be considering the timing of their investment moves. InvestingPro offers additional valuable metrics and insights to help evaluate this investment opportunity.
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