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

Western Asset Municipal High Income Fund Inc. (NYSE: MHF – Get a rating) announced a monthly dividend on Friday August 5, the wall street journal reports. Shareholders of record on Tuesday, November 22 will receive a dividend of 0.0198 per share from the financial services provider on Thursday, December 1. This represents a dividend of $0.24 on an annualized basis and a yield of 3.46%. The ex-dividend date is Monday, November 21.

Western Asset Municipal High Income Fund Price Performance

NYSE: MHF traded down $0.04 on Friday, hitting $6.86. The company’s stock had a trading volume of 3,686 shares, compared to an average trading volume of 37,125. The Western Asset Municipal High Income Fund has a 12-month low of $6.40 and a 12-month high of 8, $91. The stock has a 50-day moving average price of $6.68 and a 200-day moving average price of $6.91.

Institutional investors weigh in on Western Asset Municipal High Income Fund

Institutional investors and hedge funds have recently changed their holdings in the company. Raymond James & Associates increased its equity stake in Western Asset Municipal High Income Fund by 14.1% in Q1. Raymond James & Associates now owns 556,526 shares of the financial services provider valued at $3,918,000 after purchasing an additional 68,915 shares during the period. Baird Financial Group Inc. increased its stake 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 worth $1,191,000 after buying an additional 10,541 shares last quarter. Finally, Ancora Advisors LLC acquired a new position in Western Asset Municipal High Income Fund during Q1 worth $124,000. Hedge funds and other institutional investors hold 18.66% of the company’s shares.

Western Asset Municipal High Income Fund Company Profile

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Western Asset Municipal High Income Fund Inc is a closed-end, 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 US bond markets. It invests primarily in medium to long-term municipal debt securities issued by state and local governments, including the United States.

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

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