Miller/Howard High Income Equity Fund (NYSE:HIE) declared a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Shareholders of record on Wednesday, June 23rd will be paid a dividend of 0.048 per share on Wednesday, June 30th. This represents a $0.58 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Tuesday, June 22nd.
Shares of HIE opened at $9.80 on Thursday. The stock has a fifty day moving average price of $9.19 and a two-hundred day moving average price of $7.78. Miller/Howard High Income Equity Fund has a 52-week low of $5.13 and a 52-week high of $9.83.
In other Miller/Howard High Income Equity Fund news, major shareholder Saba Capital Management, L.P. acquired 9,181 shares of the business’s stock in a transaction on Thursday, January 21st. The stock was purchased at an average price of $8.32 per share, for a total transaction of $76,385.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 22,449 shares of company stock valued at $186,708.
Miller/Howard High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and high dividend paying stocks of companies.
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