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

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Monday, August 24th will be given a dividend of 0.034 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, August 24th.

Western Asset Municipal High Income Fund Trading Up 0.3%

NYSE MHF opened at $6.97 on Friday. Western Asset Municipal High Income Fund has a fifty-two week low of $6.61 and a fifty-two week high of $7.64. The stock has a 50 day simple moving average of $6.89 and a two-hundred day simple moving average of $6.93.

Institutional Investors Weigh In On Western Asset Municipal High Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of MHF. Titleist Asset Management LLC purchased a new position in shares of Western Asset Municipal High Income Fund in the 4th quarter valued at approximately $2,863,000. Raymond James Financial Inc. lifted its stake in shares of Western Asset Municipal High Income Fund by 8.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,035,945 shares of the financial services provider’s stock valued at $7,200,000 after purchasing an additional 84,431 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of Western Asset Municipal High Income Fund in the 3rd quarter valued at approximately $442,000. LPL Financial LLC lifted its stake in shares of Western Asset Municipal High Income Fund by 17.0% in the 4th quarter. LPL Financial LLC now owns 389,642 shares of the financial services provider’s stock valued at $2,681,000 after purchasing an additional 56,526 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in Western Asset Municipal High Income Fund during the 4th quarter valued at approximately $261,000.

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.