SmarterDividends
BWG

Legg Mason BW Global Income Opportunities Fund Inc.

BWG

Financial Services · Asset Management · Stock · monthly payer

$6.84

Undervalued · +91% Add to Portfolio

Forward Yield

14.04%

Annual Dividend

$0.96

Payout Ratio

109%

5-Yr Growth

2.5%

Ex-Date

Nov 20, 2026

Frequency

Monthly

Key facts about BWG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 24, 2026, Legg Mason BW Global Income Opportunities Fund Inc. (BWG) has a forward dividend yield of 14.04%, based on an annual dividend of $0.96 per share and a share price of $6.84.
  • As of Oct 24, 2026, BWG's dividend safety grade from SmarterDividends is C (52 out of 100), which rates the dividend as borderline.
  • BWG last cut its regular dividend in 2023.
  • BWG's next ex-dividend date is Nov 20, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 24, 2026, BWG pays out 109% of its trailing 12-month earnings as dividends (its payout ratio).
  • BWG's dividend has grown at an average rate of 2.5% a year over the past five years.
  • As of Oct 24, 2026, BWG's 14.04% yield is 27% above its five-year average yield of 11.02%.
  • As of Oct 24, 2026, SmarterDividends' blended fair-value estimate for BWG is $13.09 per share, 91% above the $6.84 share price, so BWG screens as undervalued.
  • Legg Mason BW Global Income Opportunities Fund Inc. (BWG) pays its dividend monthly, 12 times a year.
  • Legg Mason BW Global Income Opportunities Fund Inc. (BWG) has raised its regular dividend 8 times and cut it 5 times across the 175 payments on record since 2012. Its most recent change was a 11.1% cut to $0.0800 per share, going ex-dividend on Mar 23, 2023.
Cite this page

SmarterDividends, "BWG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 24, 2026, https://smarterdividends.com/stocks/BWG

Summary

As of Oct 24, 2026, Legg Mason BW Global Income Opportunities Fund Inc. (BWG) yields 14.04% ($0.96 a year per share) and has a dividend safety grade of C (52/100).

Is BWG a good dividend stock?

Mixed

Legg Mason BW Global Income Opportunities Fund Inc. (BWG) pays a monthly dividend yielding 14.04% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (109%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    14.04%
    Payout Ratio
    109%
    Annual Dividend
    $0.96
    5-Yr Avg Growth
    2.5%
    Ex-Dividend Date
    Nov 20, 2026
    Years of Growth
    0
    Frequency
    monthly
    Beta
    —
    Market Cap
    $114.9M
    P/E Ratio
    7.8
    5-Yr Total Return
    -42%
    52-Week Range
    $6.76 – $8.68
    Dividend Safety
    C · 52/100
    Ever Cut?
    Yes (2023)

    BWG dividend raises and cuts

    Legg Mason BW Global Income Opportunities Fund Inc. (BWG) has raised its regular dividend 8 times and cut it 5 times across the 175 payments on record since 2012. Its most recent change was a 11.1% cut to $0.0800 per share, going ex-dividend on Mar 23, 2023.

    Ex-dateChangeOld → newMove
    Mar 23, 2023Cut$0.0900 → $0.0800−11.1%
    Dec 22, 2021Raise$0.0800 → $0.0900+12.5%
    Mar 23, 2021Raise$0.0750 → $0.0800+6.7%
    Dec 22, 2020Raise$0.0700 → $0.0750+7.1%
    Dec 19, 2019Raise$0.0650 → $0.0700+7.7%
    Sep 19, 2019Raise$0.0620 → $0.0650+4.8%
    Dec 20, 2018Cut$0.0770 → $0.0620−19.5%
    Dec 21, 2017Cut$0.0900 → $0.0770−14.4%
    Jun 15, 2016Cut$0.110 → $0.0900−18.2%
    Mar 16, 2016Cut$0.130 → $0.110−15.4%
    Sep 17, 2014Raise$0.125 → $0.130+4.0%
    Jun 18, 2014Raise$0.120 → $0.125+4.2%
    Show all 13 changes since 2013
    Ex-dateChangeOld → newMove
    Mar 13, 2013Raise$0.117 → $0.120+2.6%
    Every BWG payment →Download every raise and cut (CSV)
    BWG ex-dividend date & scheduleNext ex-date Nov 20, 2026 · full ex-dividend historyView →BWG dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is BWG a good dividend stock?

    Mixed. Legg Mason BW Global Income Opportunities Fund Inc. (BWG) pays a monthly dividend yielding 14.04% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is BWG undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BWG's fair value is about $13.09 versus a $6.84 share price — so it looks undervalued (+91% vs. fair value).

    Is BWG's dividend safe?

    BWG has a dividend-safety grade of C (52/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is BWG's fair value?

    Our blended fair-value estimate for BWG is about $13.09 per share, roughly 91% above the current $6.84 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is BWG a buy, hold, or sell?

    We don't issue formal ratings, but on the data BWG screens as "mixed" and undervalued. Legg Mason BW Global Income Opportunities Fund Inc. (BWG) pays a monthly dividend yielding 14.04% ($0.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will BWG cut its dividend?

    BWG earns a dividend-safety grade of C (52/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does BWG pay a dividend?

    Yes. Legg Mason BW Global Income Opportunities Fund Inc. pays a monthly dividend of about $0.96 per share annually, a forward yield of roughly 14.04%.

    What is BWG's dividend yield?

    As of Oct 24, 2026, BWG's forward dividend yield is 14.04%, based on a $0.96 annual dividend and a $6.84 share price.

    What is BWG's dividend per share?

    As of Oct 24, 2026, BWG pays $0.96 per share per year, distributed on a monthly basis.

    What is BWG's dividend payout ratio?

    As of Oct 24, 2026, BWG's payout ratio is 109% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has BWG grown its dividend?

    BWG does not currently have a long dividend-growth streak on record.

    When is the next BWG ex-dividend date?

    As of Oct 24, 2026, the next ex-dividend date on record for BWG is Nov 20, 2026.

    Income Calculator

    At $0.96 / yr per share

    Per payment (monthly)$8.00
    Annual$96.00
    Monthly avg$8.00

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