Western Asset Municipal High Income Fund Inc. Plans Monthly Dividend of $0.03 (NYSE:MHF)

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) announced a monthly dividend on Monday, February 23rd. Shareholders of record on Thursday, April 23rd will be given a dividend of 0.034 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, April 23rd.

Western Asset Municipal High Income Fund Stock Down 0.3%

NYSE:MHF traded down $0.02 on Monday, reaching $6.92. 34,346 shares of the stock traded hands, compared to its average volume of 56,327. Western Asset Municipal High Income Fund has a 12 month low of $6.61 and a 12 month high of $7.82. The company’s fifty day simple moving average is $6.92 and its 200 day simple moving average is $7.01.

Western Asset Municipal High Income Fund Company Profile

Western Asset Municipal High Income Fund Inc is a closed-end management investment company that seeks to provide high current income exempt from federal income taxes. The fund primarily invests in U.S. municipal securities, with an emphasis on high-yield bonds issued by state and local governments, authorities and agencies. Its portfolio may include general obligation bonds, revenue bonds, pre-refunded bonds, insured securities and variable-rate instruments, with the goal of delivering attractive tax-advantaged yields for shareholders.

The fund is managed by Western Asset Management Company, LP, a global fixed-income specialist and subsidiary of Franklin Resources, Inc Western Asset’s investment team employs a disciplined, research-driven approach, combining top-down macroeconomic analysis with bottom-up credit research to identify opportunities across the municipal bond market.