Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Free Report) announced a monthly dividend on Thursday, August 8th, Wall Street Journal reports. Shareholders of record on Thursday, October 24th will be paid a dividend of 0.034 per share by the financial services provider on Friday, November 1st. This represents a $0.41 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Thursday, October 24th.
Western Asset Municipal High Income Fund has decreased its dividend by an average of 4.8% per year over the last three years.
Western Asset Municipal High Income Fund Stock Performance
Shares of MHF stock opened at $7.24 on Wednesday. Western Asset Municipal High Income Fund has a 1 year low of $5.92 and a 1 year high of $7.39. The stock’s 50 day simple moving average is $7.22 and its two-hundred day simple moving average is $6.97.
About Western Asset Municipal High Income Fund
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.
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