Western Asset Municipal Hgh Incm Fnd Inc (NYSE:MHF) announced a monthly dividend on Thursday, February 21st, Wall Street Journal reports. Shareholders of record on Friday, May 24th will be paid a dividend of 0.0255 per share by the financial services provider on Monday, June 3rd. This represents a $0.31 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, May 23rd.
Western Asset Municipal Hgh Incm Fnd has decreased its dividend by an average of 4.1% annually over the last three years.
Shares of Western Asset Municipal Hgh Incm Fnd stock remained flat at $$7.20 on Thursday. 30,366 shares of the company traded hands, compared to its average volume of 32,782. Western Asset Municipal Hgh Incm Fnd has a 1-year low of $6.85 and a 1-year high of $7.43.
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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