Western Asset Municipal High Income Fund Inc. (NYSE:MHF) Announces Dividend Increase – $0.03 Per Share

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) declared a — dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.034 per share by the financial services provider on Monday, March 3rd. This represents a dividend yield of 5.7%. The ex-dividend date is Friday, February 21st. This is a boost from Western Asset Municipal High Income Fund’s previous — dividend of $0.02.

Western Asset Municipal High Income Fund has decreased its dividend by an average of 4.8% annually over the last three years.

Western Asset Municipal High Income Fund Stock Performance

MHF traded up $0.01 during midday trading on Wednesday, reaching $7.13. The company had a trading volume of 37,271 shares, compared to its average volume of 68,572. Western Asset Municipal High Income Fund has a 1 year low of $6.27 and a 1 year high of $7.39. The business has a 50-day moving average of $7.17 and a two-hundred day moving average of $7.00.

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.