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

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 given a dividend of 0.034 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, July 24th.

Western Asset Municipal High Income Fund Price Performance

MHF traded up $0.02 on Thursday, reaching $6.97. The company had a trading volume of 39,342 shares, compared to its average volume of 55,622. Western Asset Municipal High Income Fund has a 1 year low of $6.61 and a 1 year high of $7.64. The stock has a 50-day moving average price of $6.89 and a 200-day moving average price of $6.93.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its position in Western Asset Municipal High Income Fund by 1.0% in the third quarter. Raymond James Financial Inc. now owns 1,046,548 shares of the financial services provider’s stock valued at $7,567,000 after acquiring an additional 10,603 shares during the last quarter. Bank of America Corp DE lifted its position in Western Asset Municipal High Income Fund by 0.4% in the third quarter. Bank of America Corp DE now owns 585,215 shares of the financial services provider’s stock valued at $4,231,000 after acquiring an additional 2,350 shares during the last quarter. Titleist Asset Management LLC purchased a new stake in Western Asset Municipal High Income Fund in the fourth quarter valued at $2,863,000. LPL Financial LLC lifted its position in Western Asset Municipal High Income Fund by 17.0% in the fourth quarter. LPL Financial LLC now owns 389,642 shares of the financial services provider’s stock valued at $2,681,000 after acquiring an additional 56,526 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its position in Western Asset Municipal High Income Fund by 8.5% in the third quarter. Prospera Financial Services Inc now owns 166,418 shares of the financial services provider’s stock valued at $1,203,000 after acquiring an additional 13,007 shares during the last quarter.

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.