Pioneer Municipal High Inc Plans Monthly Dividend of $0.04 (NYSE:MAV)
Pioneer Municipal High Inc (NYSE:MAV) declared a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Stockholders of record on Tuesday, June 18th will be given a dividend of 0.0375 per share on Friday, June 28th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, June 17th.
Pioneer Municipal High has decreased its dividend payment by an average of 14.8% annually over the last three years.
NYSE MAV opened at $10.73 on Friday. Pioneer Municipal High has a 52-week low of $10.00 and a 52-week high of $11.29.
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Pioneer Municipal High Company Profile
Pioneer Municipal High Income Advantage Trust is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.
Further Reading: What is the Current Ratio?
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