Western Asset Municipal High Income Fund Inc. (MHF) To Go Ex-Dividend on April 23rd

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) announced a monthly dividend on Monday, February 23rd. Investors of record on Thursday, April 23rd will be given a dividend of 0.034 per share by the financial services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Thursday, April 23rd.

Western Asset Municipal High Income Fund Stock Performance

Shares of MHF opened at $6.93 on Wednesday. The company has a 50 day moving average of $6.92 and a two-hundred day moving average of $7.01. Western Asset Municipal High Income Fund has a twelve month low of $6.61 and a twelve month high of $7.82.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Titleist Asset Management LLC purchased a new stake in Western Asset Municipal High Income Fund in the fourth quarter valued at about $2,863,000. Guggenheim Capital LLC raised its position in shares of Western Asset Municipal High Income Fund by 24.0% in the 2nd quarter. Guggenheim Capital LLC now owns 505,298 shares of the financial services provider’s stock valued at $3,512,000 after purchasing an additional 97,670 shares during the last quarter. Raymond James Financial Inc. boosted its stake in 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 worth $7,200,000 after purchasing an additional 84,431 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in Western Asset Municipal High Income Fund during the 3rd quarter worth approximately $442,000. Finally, LPL Financial LLC increased its stake in Western Asset Municipal High Income Fund by 17.0% during 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 in 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.