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

Western Asset Municipal High Income Fund logo with Finance background

Key Points

  • Western Asset Municipal High Income Fund Inc. announced a dividend of $0.03 per share, with an impressive yield of 590.0%. The ex-dividend date is set for November 20th, 2023, and dividends will be paid on December 1st.
  • As of Friday, shares of MHF stock opened at $6.87 with a 12-month range between $6.61 and $7.82.
  • Notable institutional investments include Commonwealth Equity Services LLC and Raymond James Financial Inc., which both acquired significant stakes in the fund during the fourth quarter.
  • Need Better Tools to Track Western Asset Municipal High Income Fund? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Western Asset Municipal High Income Fund Inc. (NYSE:MHF - Get Free Report) announced a -- dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Thursday, November 20th will be given a dividend of 0.034 per share by the financial services provider on Monday, December 1st. This represents a yield of 590.0%. The ex-dividend date is Thursday, November 20th.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF stock opened at $6.87 on Friday. Western Asset Municipal High Income Fund has a 12-month low of $6.61 and a 12-month high of $7.82. The company has a 50 day moving average of $6.91 and a 200-day moving average of $7.16.

Institutional Trading of Western Asset Municipal High Income Fund

Large investors have recently modified their holdings of the company. Commonwealth Equity Services LLC purchased a new stake in Western Asset Municipal High Income Fund during the fourth quarter valued at approximately $93,000. LPL Financial LLC lifted its holdings in Western Asset Municipal High Income Fund by 7.9% during the fourth quarter. LPL Financial LLC now owns 49,597 shares of the financial services provider's stock valued at $337,000 after purchasing an additional 3,650 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Western Asset Municipal High Income Fund by 11.8% during the 4th quarter. Wells Fargo & Company MN now owns 51,865 shares of the financial services provider's stock worth $353,000 after purchasing an additional 5,473 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Western Asset Municipal High Income Fund in the fourth quarter valued at $6,569,000. Finally, South Plains Financial Inc. acquired a new position in Western Asset Municipal High Income Fund in the 4th quarter valued at about $68,000.

About Western Asset Municipal High Income Fund

(Get Free Report)

Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.

See Also

Dividend History for Western Asset Municipal High Income Fund (NYSE:MHF)

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