Miller/Howard High Income Equity Fund (NYSE:HIE) Announces Monthly Dividend of $0.05

Miller/Howard High Income Equity Fund (NYSE:HIE) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.051 per share on Thursday, November 30th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend is Tuesday, November 21st.

Miller/Howard High Income Equity Fund has decreased its dividend payment by an average of 25.1% per year over the last three years and has increased its dividend every year for the last 1 years.

Miller/Howard High Income Equity Fund Trading Down 0.6 %

Shares of HIE stock opened at $10.04 on Monday. The firm has a fifty day moving average price of $9.87 and a 200 day moving average price of $9.98. Miller/Howard High Income Equity Fund has a 12 month low of $9.35 and a 12 month high of $11.32.

Hedge Funds Weigh In On Miller/Howard High Income Equity Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Raymond James & Associates boosted its stake in Miller/Howard High Income Equity Fund by 7.9% in the first quarter. Raymond James & Associates now owns 18,070 shares of the company’s stock valued at $202,000 after acquiring an additional 1,320 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Miller/Howard High Income Equity Fund in the first quarter valued at $135,000. NewEdge Advisors LLC boosted its stake in Miller/Howard High Income Equity Fund by 11.4% in the first quarter. NewEdge Advisors LLC now owns 24,930 shares of the company’s stock valued at $278,000 after acquiring an additional 2,548 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its stake in Miller/Howard High Income Equity Fund by 45.5% in the first quarter. City of London Investment Management Co. Ltd. now owns 864,964 shares of the company’s stock valued at $9,649,000 after acquiring an additional 270,456 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Miller/Howard High Income Equity Fund by 3.5% in the first quarter. Bank of America Corp DE now owns 203,933 shares of the company’s stock valued at $2,276,000 after acquiring an additional 6,832 shares in the last quarter.

About Miller/Howard High Income Equity Fund

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.