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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, November 20th will be given a dividend of 0.034 per share by the financial services provider on Monday, November 30th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, November 20th.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF opened at $6.89 on Thursday. The firm has a fifty day simple moving average of $6.93 and a 200 day simple moving average of $6.92. Western Asset Municipal High Income Fund has a 12 month low of $6.63 and a 12 month high of $7.64.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

A number of institutional investors have recently added to or reduced their stakes in MHF. Royal Bank of Canada increased its stake in shares of Western Asset Municipal High Income Fund by 441.2% during the 1st quarter. Royal Bank of Canada now owns 50,356 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 41,052 shares during the last quarter. Redwood Family Wealth LLC acquired a new stake in Western Asset Municipal High Income Fund during the fourth quarter worth approximately $177,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of Western Asset Municipal High Income Fund during the fourth quarter worth approximately $119,000. XTX Topco Ltd bought a new position in shares of Western Asset Municipal High Income Fund during the fourth quarter worth approximately $151,000. Finally, Fortitude Advisory Group L.L.C. increased its stake 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 period.

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.