Legg Mason BW Global Income Opportunities Fund Inc.
BWGFinancial Services · Stock · monthly payer
Forward Yield
12.20%
Annual Dividend
$0.96
Payout Ratio
109%
5-Yr Growth
2.5%
Ex-Date
Jul 24, 2026
Frequency
Monthly
Summary
As of July 2026, Legg Mason BW Global Income Opportunities Fund Inc. (BWG) yields 12.20% ($0.96 per share annually), with a blended fair-value estimate of $13.64 — +73% upside, so it screens as undervalued. Dividend safety grade: D (49/100).
Is BWG a good dividend stock?
MixedLegg Mason BW Global Income Opportunities Fund Inc. (BWG) pays a monthly dividend yielding 12.20% ($0.96/yr), with 0 years of growth and a dividend-safety grade of D. 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
- Below-average dividend safety score
Key Data
- Dividend Yield
- 12.20%
- Payout Ratio
- 109%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- 2.5%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- $131.5M
- P/E Ratio
- 8.9
- 5-Yr Total Return
- -38%
- 52-Week Range
- $7.46 – $8.94
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
BWG Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
-3%
5 Years
-38%
52-Week Range
$7.46 – $8.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BWG worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Legg Mason BW Global Income Opportunities Fund Inc. is $13.64 per share, versus a market price of $7.87. That implies 73% of upside — a margin of safety of about 42%.
Fair Value
$13.64
Current Price
$7.87
Upside
+73%
Margin of Safety
42%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 2.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 2.7% stage-1 growth, 2.5% terminal growth, $0.88 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BWG Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.0800 | regular |
| May 21, 2026 | — | $0.0800 | regular |
| Apr 23, 2026 | — | $0.0800 | regular |
| Mar 24, 2026 | — | $0.0800 | regular |
| Feb 20, 2026 | — | $0.0800 | regular |
| Jan 23, 2026 | — | $0.0800 | regular |
| Dec 23, 2025 | — | $0.0800 | regular |
| Nov 20, 2025 | — | $0.0800 | regular |
| Oct 24, 2025 | — | $0.0800 | regular |
| Sep 23, 2025 | — | $0.0800 | regular |
| Aug 22, 2025 | — | $0.0800 | regular |
| Jul 24, 2025 | — | $0.0800 | regular |
| Jun 23, 2025 | — | $0.0800 | regular |
| May 22, 2025 | — | $0.0800 | regular |
Income Calculator
At $0.96 / yr per share
