Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) to Issue $0.04 Monthly Dividend

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) announced a monthly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.035 per share by the investment management company on Friday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Tuesday, February 18th.

Pioneer Municipal High Income Fund has raised its dividend payment by an average of 3.8% annually over the last three years.

Pioneer Municipal High Income Fund Stock Up 0.3 %

Shares of NYSE MHI traded up $0.03 during trading on Thursday, hitting $9.51. 31,054 shares of the company were exchanged, compared to its average volume of 34,777. The company has a fifty day moving average price of $9.44 and a 200-day moving average price of $9.44. Pioneer Municipal High Income Fund has a 12-month low of $8.45 and a 12-month high of $9.74.

Pioneer Municipal High Income Fund Company Profile

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.