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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) announced a dividend on Wednesday, January 22nd,investing.com reports. Investors of record on Monday, January 27th will be given a dividend of 0.034 per share by the financial services provider on Monday, February 3rd. This represents a dividend yield of 5.8%. The ex-dividend date is Friday, January 24th.

Western Asset Municipal High Income Fund has raised its dividend payment by an average of 13.9% annually over the last three years.

Western Asset Municipal High Income Fund Stock Performance

MHF stock traded down $0.04 during midday trading on Wednesday, hitting $7.04. 61,891 shares of the company’s stock were exchanged, compared to its average volume of 64,284. Western Asset Municipal High Income Fund has a one year low of $6.38 and a one year high of $7.39. The stock’s fifty day moving average price is $7.02 and its 200-day moving average price is $7.08.

Western Asset Municipal High Income Fund Company Profile

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.