Miller/Howard High Income Equity Fund (HIE) To Go Ex-Dividend on April 22nd

Miller/Howard High Income Equity Fund (NYSE:HIEGet Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.051 per share on Tuesday, April 30th. This represents a $0.61 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Monday, April 22nd.

Miller/Howard High Income Equity Fund has decreased its dividend payment by an average of 4.7% annually over the last three years.

Miller/Howard High Income Equity Fund Price Performance

Shares of HIE opened at $11.04 on Wednesday. The business’s 50-day moving average price is $10.70 and its 200 day moving average price is $10.34. Miller/Howard High Income Equity Fund has a 1-year low of $9.49 and a 1-year high of $11.12.

Insiders Place Their Bets

In other Miller/Howard High Income Equity Fund news, major shareholder Saba Capital Management, L.P. sold 39,914 shares of the company’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $10.60, for a total value of $423,088.40. Following the sale, the insider now directly owns 2,136,736 shares in the company, valued at $22,649,401.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 166,958 shares of company stock worth $1,766,236 over the last 90 days.

Hedge Funds Weigh In On Miller/Howard High Income Equity Fund

Large investors have recently modified their holdings of the business. Stifel Financial Corp boosted its holdings in shares of Miller/Howard High Income Equity Fund by 1.4% during the fourth quarter. Stifel Financial Corp now owns 77,264 shares of the company’s stock worth $820,000 after acquiring an additional 1,062 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Miller/Howard High Income Equity Fund by 5.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 21,667 shares of the company’s stock valued at $219,000 after purchasing an additional 1,101 shares during the last quarter. Raymond James & Associates boosted its position in Miller/Howard High Income Equity Fund by 7.9% during the 1st quarter. Raymond James & Associates now owns 18,070 shares of the company’s stock worth $202,000 after buying an additional 1,320 shares during the period. LPL Financial LLC lifted its holdings in shares of Miller/Howard High Income Equity Fund by 13.5% during the third quarter. LPL Financial LLC now owns 16,918 shares of the company’s stock worth $168,000 after purchasing an additional 2,015 shares during the period. Finally, Oppenheimer & Co. Inc. grew its position in shares of Miller/Howard High Income Equity Fund by 8.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 25,748 shares of the company’s stock valued at $273,000 after buying an additional 2,087 shares during the last quarter.

Miller/Howard High Income Equity Fund Company Profile

(Get Free Report)

Miller/Howard High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and high dividend paying stocks of companies.

Further Reading

Dividend History for Miller/Howard High Income Equity Fund (NYSE:HIE)

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