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

Western Asset Municipal High Income Fund Inc. (NYSE:MHFGet Rating) declared a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Shareholders of record on Friday, September 23rd will be given a dividend of 0.0198 per share by the financial services provider on Monday, October 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, September 22nd.

Western Asset Municipal High Income Fund Stock Performance

NYSE:MHF opened at $6.83 on Friday. The stock’s fifty day moving average is $6.68 and its two-hundred day moving average is $6.91. Western Asset Municipal High Income Fund has a 52 week low of $6.40 and a 52 week high of $8.91.

Institutional Trading of Western Asset Municipal High Income Fund

Hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new stake in shares of Western Asset Municipal High Income Fund in the first quarter valued at $124,000. Baird Financial Group Inc. raised its stake in shares of Western Asset Municipal High Income Fund by 6.6% in the first quarter. Baird Financial Group Inc. now owns 169,246 shares of the financial services provider’s stock valued at $1,191,000 after acquiring an additional 10,541 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Western Asset Municipal High Income Fund by 14.1% in the first quarter. Raymond James & Associates now owns 556,526 shares of the financial services provider’s stock valued at $3,918,000 after acquiring an additional 68,915 shares in the last quarter. 18.66% of the stock is currently owned by institutional investors and hedge funds.

Western Asset Municipal High Income Fund Company Profile

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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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