Pioneer Municipal High Income Trust (MHI) to Issue Monthly Dividend of $0.05 on June 29th
Pioneer Municipal High Income Trust (NYSE:MHI) declared a monthly dividend on Tuesday, June 5th, Wall Street Journal reports. Investors of record on Friday, June 15th will be given a dividend of 0.0525 per share by the investment management company on Friday, June 29th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date is Thursday, June 14th.
Pioneer Municipal High Income Trust has decreased its dividend by an average of 21.2% per year over the last three years.
Shares of Pioneer Municipal High Income Trust stock traded down $0.03 during trading on Wednesday, reaching $11.48. The company’s stock had a trading volume of 44 shares, compared to its average volume of 64,688. Pioneer Municipal High Income Trust has a one year low of $11.10 and a one year high of $12.35.
Pioneer Municipal High Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to seek a high level of current income exempt from regular federal income tax, and the Trust may, as a secondary objective, also seek capital appreciation to the extent that it is consistent with its primary investment objective.
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