Nuveen Global High Income Fund (NYSE:JGH – Get Free Report) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.1035 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Friday, August 14th.
Nuveen Global High Income Fund Trading Up 0.4%
Shares of NYSE JGH opened at $12.57 on Tuesday. The firm’s 50-day moving average price is $12.64 and its 200-day moving average price is $12.65. Nuveen Global High Income Fund has a 1-year low of $11.80 and a 1-year high of $13.70.
Institutional Investors Weigh In On Nuveen Global High Income Fund
Several hedge funds and other institutional investors have recently made changes to their positions in JGH. Royal Bank of Canada raised its position in Nuveen Global High Income Fund by 27.7% in the 1st quarter. Royal Bank of Canada now owns 17,809 shares of the company’s stock valued at $218,000 after buying an additional 3,868 shares during the last quarter. Gould Asset Management LLC CA increased its holdings in Nuveen Global High Income Fund by 11.2% in the 1st quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock worth $301,000 after acquiring an additional 2,480 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Nuveen Global High Income Fund in the first quarter valued at approximately $200,000. Calamos Advisors LLC lifted its position in shares of Nuveen Global High Income Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 28,104 shares of the company’s stock worth $343,000 after acquiring an additional 3,345 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Nuveen Global High Income Fund in the 1st quarter worth about $99,000.
About Nuveen Global High Income Fund
Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.
The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.
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