Western Asset Municipal High Income Fund Inc. plans monthly dividend of $0.02 (NYSE: MHF)

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Western Asset Municipal High Income Fund Inc. (NYSE:MHF) declared a monthly dividend on Friday, February 18, reports The Wall Street Journal. Investors of record on Monday, May 23 will receive a dividend of 0.0198 per share from the financial services provider on Wednesday, June 1. This represents an annualized dividend of $0.24 and a dividend yield of 3.21%. The ex-dividend date is Friday, May 20.

The Western Asset Municipal High Income Fund has cut its dividend payout by 15.2% over the past three years.

Shares of MHF rose $0.01 on Friday, hitting $7.41. 15,818 shares of the stock were traded at an average volume of 36,739. The stock’s 50-day moving average is $7.70 and its two-hundred-day moving average is $8.02. The Western Asset Municipal High Income Fund has a 1-year low of $7.21 and a 1-year high of $8.91.

Several institutional investors and hedge funds have recently changed their positions in the stock. Morgan Stanley increased its stake in shares of Western Asset Municipal High Income Fund by 3.1% during the third quarter. Morgan Stanley now owns 454,667 shares of the financial services provider valued at $3,610,000 after purchasing an additional 13,872 shares during the period. Wells Fargo & Company MN increased its stake in Western Asset Municipal High Income Fund by 3.5% during the second quarter. Wells Fargo & Company MN now owns 263,688 shares of the financial services provider worth $2,231,000 after purchasing an additional 8,987 shares during the period. NewEdge Advisors LLC bought a new position in Western Asset Municipal High Income Fund during the fourth quarter for a value of approximately $196,000. LPL Financial LLC increased its stake in Western Asset Municipal High Income Fund by 25.0% during the third quarter. LPL Financial LLC now owns 14,995 shares of the financial services provider worth $119,000 after purchasing an additional 3,000 shares during the period. Finally, Susquehanna International Group LLP bought a new position in Western Asset Municipal High Income Fund during the fourth quarter for a value of approximately $84,000. 19.03% of the shares are currently held by institutional investors and hedge funds.

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Western Asset Municipal High Income Fund Company Profile

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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