Legg Mason BW Global Income Opportunities Fund Inc. (BWG) To Go Ex-Dividend on June 23rd

Legg Mason BW Global Income Opportunities Fund Inc. (NYSE:BWG) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.08 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Tuesday, June 23rd.

Legg Mason BW Global Income Opportunities Fund Stock Performance

Shares of NYSE BWG opened at $8.03 on Friday. The company’s 50 day simple moving average is $7.99 and its 200 day simple moving average is $8.18. 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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its stake in shares of Legg Mason BW Global Income Opportunities Fund by 607.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,691 shares of the company’s stock worth $31,000 after purchasing an additional 3,169 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Legg Mason BW Global Income Opportunities Fund by 339.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,397 shares of the company’s stock valued at $37,000 after buying an additional 3,397 shares during the period. Global Retirement Partners LLC bought a new position in Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth about $59,000. Integrity Advisory Solutions LLC bought a new position in Legg Mason BW Global Income Opportunities Fund during the fourth quarter worth about $92,000. Finally, Cerity Partners LLC acquired a new position in shares of Legg Mason BW Global Income Opportunities Fund during the 2nd quarter worth about $105,000.

Legg Mason BW Global Income Opportunities Fund Company Profile

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.