Western Asset Municipal High Income Fund Inc. (MHF) To Go Ex-Dividend on April 22nd

Posted by Samantha Reynolds on Apr 20th, 2024

Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Free Report) announced a monthly dividend on Wednesday, February 21st, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.034 per share by the financial services provider on Wednesday, May 1st. This represents a $0.41 annualized dividend and a yield of 6.00%. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from Western Asset Municipal High Income Fund’s previous monthly dividend of $0.02.

Western Asset Municipal High Income Fund Price Performance

NYSE:MHF opened at $6.80 on Friday. The stock has a 50 day simple moving average of $6.70 and a 200 day simple moving average of $6.45. Western Asset Municipal High Income Fund has a 1-year low of $5.92 and a 1-year high of $6.92.

Institutional Trading of Western Asset Municipal High Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Western Asset Municipal High Income Fund during the 4th quarter worth approximately $108,000. Fort Sheridan Advisors LLC acquired a new position in Western Asset Municipal High Income Fund in the 4th quarter valued at $81,000. Cohen & Steers Inc. acquired a new position in Western Asset Municipal High Income Fund in the 4th quarter valued at $193,000. RMB Capital Management LLC acquired a new position in Western Asset Municipal High Income Fund in the 4th quarter valued at $289,000. Finally, Royal Bank of Canada raised its holdings in Western Asset Municipal High Income Fund by 21.7% in the 3rd quarter. Royal Bank of Canada now owns 66,655 shares of the financial services provider’s stock valued at $406,000 after acquiring an additional 11,877 shares in the last quarter.

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.