Western Asset Municipal High Income Fund Inc. (MHF) to Issue Monthly Dividend of $0.03 on August 31st

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) announced a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 24th will be given a dividend of 0.034 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Municipal High Income Fund Trading Up 0.3%

Shares of Western Asset Municipal High Income Fund stock opened at $6.99 on Friday. The business has a 50-day moving average price of $6.89 and a two-hundred day moving average price of $6.93. Western Asset Municipal High Income Fund has a 1-year low of $6.61 and a 1-year high of $7.64.

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.