Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Plans Monthly Dividend of $0.03

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) announced a monthly dividend on Tuesday, November 5th, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0325 per share on Friday, November 29th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, November 15th.

Pioneer Municipal High Income Advantage Fund Stock Down 2.2 %

MAV traded down $0.19 during trading on Wednesday, hitting $8.52. 52,303 shares of the stock traded hands, compared to its average volume of 55,714. The business has a 50 day moving average price of $8.77 and a 200 day moving average price of $8.43. Pioneer Municipal High Income Advantage Fund has a twelve month low of $6.85 and a twelve month high of $9.10.

Insider Activity at Pioneer Municipal High Income Advantage Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 57,917 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $8.66 per share, with a total value of $501,561.22. Following the purchase, the insider now directly owns 3,161,537 shares in the company, valued at approximately $27,378,910.42. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 144,075 shares of company stock valued at $1,247,243 over the last ninety days.

About Pioneer Municipal High Income Advantage Fund

Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.