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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Friday, October 23rd will be paid a dividend of 0.034 per share by the financial services provider on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, October 23rd.

Western Asset Municipal High Income Fund Price Performance

MHF opened at $6.89 on Thursday. Western Asset Municipal High Income Fund has a 12-month low of $6.63 and a 12-month high of $7.64. The stock’s 50-day moving average price is $6.93 and its 200 day moving average price is $6.92.

Western Asset Municipal High Income Fund Company Profile

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.