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

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

Western Asset Municipal High Income Fund Price Performance

Shares of MHF stock opened at $6.97 on Friday. Western Asset Municipal High Income Fund has a twelve month low of $6.61 and a twelve month high of $7.64. The company’s 50-day moving average price is $6.89 and its 200-day moving average price is $6.93.

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Western Asset Municipal High Income Fund Company Profile

(Get Free Report)

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.

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