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 Thursday, May 14th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.034 per share by the financial services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, July 24th.

Western Asset Municipal High Income Fund Price Performance

Shares of NYSE:MHF traded up $0.02 on Thursday, reaching $6.97. The company’s stock had a trading volume of 39,342 shares, compared to its average volume of 55,622. The stock’s 50-day moving average is $6.89 and its two-hundred day moving average is $6.93. Western Asset Municipal High Income Fund has a 52-week low of $6.61 and a 52-week high of $7.64.

About Western Asset Municipal High Income Fund

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.