Western Asset Municipal High Income Fund Inc. (MHF) to Issue Monthly Dividend of $0.03 on August 1st

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) declared a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be given a dividend of 0.034 per share by the financial services provider on Thursday, August 1st. This represents a $0.41 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend is Wednesday, July 24th.

Western Asset Municipal High Income Fund has decreased its dividend payment by an average of 4.8% annually over the last three years.

Western Asset Municipal High Income Fund Price Performance

Shares of MHF opened at $6.94 on Monday. Western Asset Municipal High Income Fund has a 12-month low of $5.92 and a 12-month high of $7.17. The firm has a 50-day moving average price of $6.79 and a 200 day moving average price of $6.70.

Western Asset Municipal High Income Fund Company Profile

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.