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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) declared a monthly dividend on Wednesday, August 5th. Investors of record on Friday, October 23rd will be paid a dividend of 0.034 per share by the financial services provider on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, October 23rd.

Western Asset Municipal High Income Fund Stock Performance

Shares of NYSE MHF opened at $6.89 on Thursday. Western Asset Municipal High Income Fund has a fifty-two week low of $6.63 and a fifty-two week high of $7.64. The business has a 50 day moving average price of $6.93 and a two-hundred day moving average price of $6.92.

Institutional Trading of Western Asset Municipal High Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new stake in shares of Western Asset Municipal High Income Fund in the second quarter worth $92,000. Raymond James Financial Inc. boosted its stake in Western Asset Municipal High Income Fund by 8.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,035,945 shares of the financial services provider’s stock valued at $7,200,000 after acquiring an additional 84,431 shares during the last quarter. Bank of America Corp DE boosted its stake in Western Asset Municipal High Income Fund by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 582,865 shares of the financial services provider’s stock valued at $4,051,000 after acquiring an additional 30,265 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Western Asset Municipal High Income Fund by 113.9% during the 2nd quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Western Asset Municipal High Income Fund during the 3rd quarter worth $442,000.

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.