Pioneer Municipal High Income Fund, Inc. to Issue Monthly Dividend of $0.04 (NYSE:MHI)

Pioneer Municipal High Income Fund, Inc. (NYSE:MHIGet Free Report) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.035 per share by the investment management company on Friday, May 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, May 16th.

Pioneer Municipal High Income Fund Stock Performance

Shares of Pioneer Municipal High Income Fund stock traded up $0.09 during mid-day trading on Wednesday, hitting $8.92. The stock had a trading volume of 1,141 shares, compared to its average volume of 79,690. The firm has a 50-day moving average of $8.72 and a two-hundred day moving average of $8.47. Pioneer Municipal High Income Fund has a 12-month low of $6.93 and a 12-month high of $8.95.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 4,765 shares of Pioneer Municipal High Income Fund stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $8.64 per share, for a total transaction of $41,169.60. Following the completion of the purchase, the insider now owns 3,438,580 shares in the company, valued at $29,709,331.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 40,965 shares of company stock valued at $363,472 over the last quarter.

Pioneer Municipal High Income Fund Company Profile

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Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.

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Dividend History for Pioneer Municipal High Income Fund (NYSE:MHI)

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