Western Asset Municipal High Income Fund Inc. (MHF) to Issue Monthly Dividend of $0.02 on October 3rd

Western Asset Municipal High Income Fund Inc. (NYSE:MHFGet Rating) declared a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, September 23rd will be paid a dividend of 0.0198 per share by the financial services provider on Monday, October 3rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Thursday, September 22nd.

Western Asset Municipal High Income Fund Trading Down 1.0 %

Shares of NYSE:MHF opened at $6.83 on Friday. Western Asset Municipal High Income Fund has a 12-month low of $6.40 and a 12-month high of $8.91. The business’s fifty day simple moving average is $6.68 and its 200-day simple moving average is $6.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. lifted its position in Western Asset Municipal High Income Fund by 6.6% during the 1st quarter. Baird Financial Group Inc. now owns 169,246 shares of the financial services provider’s stock worth $1,191,000 after acquiring an additional 10,541 shares during the period. Ancora Advisors LLC acquired a new stake in Western Asset Municipal High Income Fund during the 1st quarter worth about $124,000. Finally, Raymond James & Associates lifted its position in Western Asset Municipal High Income Fund by 14.1% during the 1st quarter. Raymond James & Associates now owns 556,526 shares of the financial services provider’s stock worth $3,918,000 after acquiring an additional 68,915 shares during the period. 18.66% of the stock is currently owned by hedge funds and other institutional investors.

About Western Asset Municipal High Income Fund

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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.

Further Reading

Dividend History for Western Asset Municipal High Income Fund (NYSE:MHF)

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