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

by · The Markets Daily

Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Free Report) declared a monthly dividend on Monday, February 23rd. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.034 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, March 24th.

Western Asset Municipal High Income Fund Price Performance

NYSE MHF traded down $0.02 on Monday, reaching $6.92. The stock had a trading volume of 34,346 shares, compared to its average volume of 58,570. Western Asset Municipal High Income Fund has a 12-month low of $6.61 and a 12-month high of $7.82. The business’s 50-day moving average price is $6.92 and its 200 day moving average price is $7.01.

About Western Asset Municipal High Income Fund

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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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