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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) declared a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be paid a dividend of 0.034 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, August 24th.

Western Asset Municipal High Income Fund Stock Up 0.3%

NYSE MHF traded up $0.02 during trading on Thursday, reaching $6.97. 39,342 shares of the stock traded hands, compared to its average volume of 55,622. The stock’s 50-day moving average price is $6.89 and its 200 day moving average price is $6.93. Western Asset Municipal High Income Fund has a fifty-two week low of $6.61 and a fifty-two week high of $7.64.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Western Asset Municipal High Income Fund during the fourth quarter valued at approximately $43,000. Osaic Holdings Inc. grew its holdings in Western Asset Municipal High Income Fund by 113.9% during the second quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 3,900 shares during the period. International Assets Investment Management LLC acquired a new position in Western Asset Municipal High Income Fund during the third quarter valued at approximately $71,000. Private Advisor Group LLC acquired a new position in shares of Western Asset Municipal High Income Fund in the third quarter valued at approximately $73,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Western Asset Municipal High Income Fund in the fourth quarter valued at approximately $73,000.

About Western Asset Municipal High Income Fund

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.