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

Western Asset Municipal High Income Fund Inc. (NYSE:MHFGet Rating) announced a monthly dividend on Wednesday, May 18th, Wall Street Journal reports. Investors of record on Thursday, June 23rd will be paid a dividend of 0.0198 per share by the financial services provider on Friday, July 1st. This represents a $0.24 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, June 22nd.

NYSE:MHF traded down $0.02 during trading hours on Wednesday, reaching $6.57. 1,000 shares of the company’s stock were exchanged, compared to its average volume of 55,330. The company has a 50-day moving average of $6.86 and a 200 day moving average of $7.48. Western Asset Municipal High Income Fund has a 1-year low of $6.59 and a 1-year high of $8.91.

Large investors have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new position in Western Asset Municipal High Income Fund during the 1st quarter worth $124,000. Baird Financial Group Inc. raised its position in Western Asset Municipal High Income Fund by 6.6% during the 1st quarter. Baird Financial Group Inc. now owns 169,246 shares of the financial services provider’s stock worth $1,191,000 after buying an additional 10,541 shares during the last quarter. Raymond James & Associates raised its position in Western Asset Municipal High Income Fund by 14.1% during the 1st quarter. Raymond James & Associates now owns 556,526 shares of the financial services provider’s stock worth $3,918,000 after buying an additional 68,915 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Western Asset Municipal High Income Fund during the 4th quarter worth $196,000. Finally, Susquehanna International Group LLP purchased a new position in Western Asset Municipal High Income Fund during the 4th quarter worth $84,000. Hedge funds and other institutional investors own 18.66% of the company’s stock.

Western Asset Municipal High Income Fund Company Profile (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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