Western Asset Municipal Hgh Incm Fnd Inc (NYSE:MHF) declared a monthly dividend on Tuesday, November 13th, Wall Street Journal reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.0255 per share by the financial services provider on Friday, March 1st. This represents a $0.31 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Thursday, February 14th.
Western Asset Municipal Hgh Incm Fnd has decreased its dividend payment by an average of 5.6% annually over the last three years.
Shares of MHF stock traded down $0.01 during trading hours on Thursday, hitting $7.13. 50,700 shares of the company’s stock traded hands, compared to its average volume of 40,228. Western Asset Municipal Hgh Incm Fnd has a 12-month low of $6.86 and a 12-month high of $7.49.
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About Western Asset Municipal Hgh Incm Fnd
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.
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