Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Announces Dividend Increase – $0.05 Per Share

Pioneer Municipal High Income Fund, Inc. (NYSE:MHIGet Rating) announced a monthly dividend on Thursday, August 4th, Zacks reports. Stockholders of record on Thursday, August 18th will be given a dividend of 0.048 per share by the investment management company on Wednesday, August 31st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date is Wednesday, August 17th. This is a positive change from Pioneer Municipal High Income Fund’s previous monthly dividend of $0.04.

Pioneer Municipal High Income Fund Price Performance

Shares of NYSE MHI traded up $0.01 during mid-day trading on Friday, reaching $9.93. The company had a trading volume of 127,514 shares, compared to its average volume of 73,138. The stock has a fifty day moving average of $9.53 and a two-hundred day moving average of $10.13. Pioneer Municipal High Income Fund has a 12-month low of $8.79 and a 12-month high of $12.94.

Hedge Funds Weigh In On Pioneer Municipal High Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its position in Pioneer Municipal High Income Fund by 31.4% during the first quarter. Advisors Asset Management Inc. now owns 352,940 shares of the investment management company’s stock valued at $3,706,000 after acquiring an additional 84,339 shares in the last quarter. Robinson Capital Management LLC raised its position in shares of Pioneer Municipal High Income Fund by 27.5% in the first quarter. Robinson Capital Management LLC now owns 426,367 shares of the investment management company’s stock valued at $4,494,000 after purchasing an additional 91,957 shares during the period. Royal Bank of Canada raised its position in shares of Pioneer Municipal High Income Fund by 29.5% in the first quarter. Royal Bank of Canada now owns 24,898 shares of the investment management company’s stock valued at $261,000 after purchasing an additional 5,677 shares during the period. Guggenheim Capital LLC raised its position in shares of Pioneer Municipal High Income Fund by 88.6% in the first quarter. Guggenheim Capital LLC now owns 238,903 shares of the investment management company’s stock valued at $2,509,000 after purchasing an additional 112,222 shares during the period. Finally, UBS Group AG raised its position in shares of Pioneer Municipal High Income Fund by 3.6% in the first quarter. UBS Group AG now owns 34,412 shares of the investment management company’s stock valued at $362,000 after purchasing an additional 1,201 shares during the period.

About Pioneer Municipal High Income Fund

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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.

Further Reading

Dividend History for Pioneer Municipal High Income Fund (NYSE:MHI)

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