Western Asset Municipal High Income Fund Inc. (MHF) to Issue Dividend of $0.02 on April 3rd

Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Rating) declared a dividend on Friday, March 17th, investing.com reports. Investors of record on Friday, March 24th will be given a dividend of 0.0198 per share by the financial services provider on Monday, April 3rd. This represents a dividend yield of 3.71%. The ex-dividend date is Thursday, March 23rd.

Western Asset Municipal High Income Fund Price Performance

NYSE MHF opened at $6.43 on Friday. Western Asset Municipal High Income Fund has a twelve month low of $6.10 and a twelve month high of $7.21. The stock has a 50-day simple moving average of $6.58 and a 200 day simple moving average of $6.48.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Several large investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in Western Asset Municipal High Income Fund by 17.2% in the 2nd quarter. LPL Financial LLC now owns 20,395 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 3,000 shares in the last quarter. UBS Group AG raised its holdings in Western Asset Municipal High Income Fund by 9.4% in the 2nd quarter. UBS Group AG now owns 44,040 shares of the financial services provider’s stock valued at $289,000 after acquiring an additional 3,770 shares in the last quarter. Susquehanna International Group LLP raised its holdings in Western Asset Municipal High Income Fund by 47.1% in the 4th quarter. Susquehanna International Group LLP now owns 24,669 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 7,902 shares in the last quarter. Virtu Financial LLC acquired a new position in Western Asset Municipal High Income Fund in the 4th quarter valued at approximately $64,000. Finally, Baird Financial Group Inc. raised its holdings in Western Asset Municipal High Income Fund by 6.6% in the 1st quarter. Baird Financial Group Inc. now owns 169,246 shares of the financial services provider’s stock valued at $1,191,000 after acquiring an additional 10,541 shares in the last quarter. Institutional investors and hedge funds own 18.51% of the company’s stock.

Western Asset Municipal High Income Fund Company Profile

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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.