Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Announces $0.02 Monthly Dividend

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) declared a monthly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Wednesday, January 24th will be given a dividend of 0.022 per share by the financial services provider on Thursday, February 1st. This represents a $0.26 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Tuesday, January 23rd.

Western Asset Municipal High Income Fund Price Performance

MHF stock opened at $6.24 on Thursday. The stock’s 50 day simple moving average is $6.14 and its 200 day simple moving average is $6.31. Western Asset Municipal High Income Fund has a 12-month low of $5.92 and a 12-month high of $6.96.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MHF. Bank of America Corp DE raised its stake in Western Asset Municipal High Income Fund by 20.5% during the first quarter. Bank of America Corp DE now owns 462,928 shares of the financial services provider’s stock worth $3,088,000 after acquiring an additional 78,642 shares during the period. Virtu Financial LLC acquired a new stake in shares of Western Asset Municipal High Income Fund during the 4th quarter worth approximately $64,000. Logan Stone Capital LLC bought a new stake in shares of Western Asset Municipal High Income Fund in the 4th quarter worth approximately $427,000. Morgan Stanley boosted its position in Western Asset Municipal High Income Fund by 25.9% during the 4th quarter. Morgan Stanley now owns 658,343 shares of the financial services provider’s stock valued at $4,200,000 after purchasing an additional 135,235 shares during the period. Finally, Susquehanna International Group LLP boosted its position in Western Asset Municipal High Income Fund by 47.1% during the 4th quarter. Susquehanna International Group LLP now owns 24,669 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 7,902 shares during the period. 27.28% of the stock is currently owned by institutional investors.

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.