Pioneer Municipal High Income Fund, Inc. Plans Monthly Dividend of $0.04 (NYSE:MHI)

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) declared a monthly dividend on Tuesday, November 5th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.035 per share by the investment management company on Friday, November 29th. This represents a $0.42 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, November 15th.

Pioneer Municipal High Income Fund Stock Performance

Shares of NYSE MHI traded up $0.04 during midday trading on Thursday, hitting $9.46. The stock had a trading volume of 2,771 shares, compared to its average volume of 59,636. Pioneer Municipal High Income Fund has a 1-year low of $7.82 and a 1-year high of $9.72. The company has a fifty day moving average price of $9.50 and a 200 day moving average price of $9.25.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 4,360 shares of Pioneer Municipal High Income Fund stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $9.43 per share, with a total value of $41,114.80. Following the transaction, the insider now owns 3,610,614 shares of the company’s stock, valued at approximately $34,048,090.02. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have purchased 8,360 shares of company stock valued at $78,746.

Pioneer Municipal High Income Fund Company Profile

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.