Western Asset Municipal High Income Fund Inc. (MHF) to Distribute Monthly Dividend of $0.03 on September 30th

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

Western Asset Municipal High Income Fund Trading Up 0.3%

MHF opened at $6.91 on Friday. The firm’s fifty day moving average price is $6.93 and its two-hundred day moving average price is $6.92. Western Asset Municipal High Income Fund has a fifty-two week low of $6.63 and a fifty-two week high of $7.64.

Institutional Trading of Western Asset Municipal High Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its holdings in shares of Western Asset Municipal High Income Fund by 8.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,432 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 1,839 shares in the last quarter. Bank of America Corp DE increased its holdings in Western Asset Municipal High Income Fund by 0.4% during the 3rd quarter. Bank of America Corp DE now owns 585,215 shares of the financial services provider’s stock valued at $4,231,000 after purchasing an additional 2,350 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Western Asset Municipal High Income Fund by 24.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,726 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 3,452 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Western Asset Municipal High Income Fund by 113.9% in the second quarter. Osaic Holdings Inc. now owns 7,323 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 3,900 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. grew its holdings in shares of Western Asset Municipal High Income Fund by 20.5% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 27,652 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 4,702 shares during the last quarter.

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.