Western Asset Municipal High Income Fund Inc. (NYSE:MHF) to Issue Monthly Dividend of $0.02

Western Asset Municipal High Income Fund Inc. (NYSE:MHFGet Rating) declared a monthly dividend on Thursday, February 17th, Wall Street Journal reports. Shareholders of record on Friday, April 22nd will be paid a dividend of 0.0198 per share by the financial services provider on Monday, May 2nd. This represents a $0.24 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, April 21st.

Shares of NYSE MHF opened at $6.69 on Tuesday. The stock has a 50 day simple moving average of $7.10. Western Asset Municipal High Income Fund has a 12 month low of $6.69 and a 12 month high of $8.91.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MHF. Susquehanna International Group LLP bought a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter valued at approximately $84,000. LPL Financial LLC increased its position in shares of Western Asset Municipal High Income Fund by 25.0% during the third quarter. LPL Financial LLC now owns 14,995 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 3,000 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter valued at approximately $196,000. Wells Fargo & Company MN increased its position in shares of Western Asset Municipal High Income Fund by 3.5% during the second quarter. Wells Fargo & Company MN now owns 263,688 shares of the financial services provider’s stock valued at $2,231,000 after purchasing an additional 8,987 shares during the period. Finally, Morgan Stanley increased its position in shares of Western Asset Municipal High Income Fund by 3.1% during the third quarter. Morgan Stanley now owns 454,667 shares of the financial services provider’s stock valued at $3,610,000 after purchasing an additional 13,872 shares during the period. Institutional investors and hedge funds own 19.03% of the company’s stock.

About Western Asset Municipal High Income Fund (Get Rating)

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.

Further Reading

Dividend History for Western Asset Municipal High Income Fund (NYSE:MHF)

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