Pioneer Municipal High Income Fund, Inc. Announces Monthly Dividend of $0.04 (NYSE:MHI)

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) declared a monthly dividend on Tuesday, November 5th,Wall Street Journal reports. Investors of record on Friday, November 15th will be given a dividend of 0.035 per share by the investment management company on Friday, November 29th. This represents a $0.42 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, November 15th.

Pioneer Municipal High Income Fund Stock Down 0.2 %

Shares of NYSE:MHI opened at $9.45 on Wednesday. The company has a 50 day moving average price of $9.50 and a two-hundred day moving average price of $9.24. Pioneer Municipal High Income Fund has a 52 week low of $7.64 and a 52 week high of $9.72.

Insider Activity

In other Pioneer Municipal High Income Fund news, major shareholder Saba Capital Management, L.P. acquired 24,611 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of $9.43 per share, with a total value of $232,081.73. Following the purchase, the insider now owns 3,604,754 shares of the company’s stock, valued at $33,992,830.22. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders bought 32,971 shares of company stock valued at $310,828 in the last quarter.

Pioneer Municipal High Income Fund Company Profile

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.