Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) to Issue $0.03 Monthly Dividend

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAVGet Free Report) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Friday, May 17th will be given a dividend of 0.0325 per share on Friday, May 31st. This represents a $0.39 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, May 16th.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of MAV traded up $0.03 on Wednesday, reaching $8.05. 4,205 shares of the stock traded hands, compared to its average volume of 57,673. The stock’s 50-day moving average price is $8.00 and its 200-day moving average price is $7.85. Pioneer Municipal High Income Advantage Fund has a 12 month low of $6.37 and a 12 month high of $8.19.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. purchased 18,383 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of $8.12 per share, with a total value of $149,269.96. Following the acquisition, the insider now directly owns 2,631,183 shares of the company’s stock, valued at approximately $21,365,205.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 63,116 shares of company stock worth $500,925 over the last quarter.

About Pioneer Municipal High Income Advantage Fund

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Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.

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Dividend History for Pioneer Municipal High Income Advantage Fund (NYSE:MAV)

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