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 Monday, May 6th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.035 per share by the investment management company on Friday, May 31st. This represents a $0.42 annualized dividend and a yield of 4.83%. The ex-dividend date is Thursday, May 16th.

Pioneer Municipal High Income Fund Trading Up 0.3 %

Pioneer Municipal High Income Fund stock traded up $0.03 during trading hours on Monday, reaching $8.70. 90,653 shares of the stock were exchanged, compared to its average volume of 81,664. Pioneer Municipal High Income Fund has a twelve month low of $6.93 and a twelve month high of $8.95. The stock has a 50 day moving average of $8.71 and a two-hundred day moving average of $8.39.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. acquired 30,534 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was purchased at an average cost of $8.93 per share, with a total value of $272,668.62. Following the acquisition, the insider now owns 3,400,844 shares of the company’s stock, valued at approximately $30,369,536.92. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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.