Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Announces Dividend Increase – $0.04 Per Share

Pioneer Municipal High Income Fund, Inc. (NYSE:MHIGet Rating) declared a monthly dividend on Thursday, May 5th, Wall Street Journal reports. Investors of record on Wednesday, May 18th will be paid a dividend of 0.04 per share by the investment management company on Tuesday, May 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Tuesday, May 17th. This is a positive change from Pioneer Municipal High Income Fund’s previous monthly dividend of $0.04.

Shares of NYSE MHI opened at $9.53 on Friday. Pioneer Municipal High Income Fund has a 52 week low of $9.40 and a 52 week high of $13.21. The stock’s fifty day moving average is $10.29 and its 200 day moving average is $11.32.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its position in shares of Pioneer Municipal High Income Fund by 64.1% in the fourth quarter. Parametric Portfolio Associates LLC now owns 495,921 shares of the investment management company’s stock worth $6,065,000 after purchasing an additional 193,768 shares during the period. Morgan Stanley increased its position in shares of Pioneer Municipal High Income Fund by 10.8% in the third quarter. Morgan Stanley now owns 327,804 shares of the investment management company’s stock worth $3,977,000 after purchasing an additional 31,882 shares during the period. Advisors Asset Management Inc. increased its position in shares of Pioneer Municipal High Income Fund by 12.9% in the fourth quarter. Advisors Asset Management Inc. now owns 268,601 shares of the investment management company’s stock worth $3,285,000 after purchasing an additional 30,590 shares during the period. UBS Group AG increased its position in shares of Pioneer Municipal High Income Fund by 8.9% in the third quarter. UBS Group AG now owns 40,105 shares of the investment management company’s stock worth $487,000 after purchasing an additional 3,287 shares during the period. Finally, LPL Financial LLC grew its position in Pioneer Municipal High Income Fund by 8.6% in the third quarter. LPL Financial LLC now owns 19,905 shares of the investment management company’s stock valued at $241,000 after acquiring an additional 1,570 shares during the last quarter.

Pioneer Municipal High Income Fund Company Profile (Get Rating)

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.

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Dividend History for Pioneer Municipal High Income Fund (NYSE:MHI)

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