Western Asset Municipal High Income Fund Inc. (MHF) To Go Ex-Dividend on August 23rd

Posted by Defense World Staff on Aug 21st, 2023

Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Free Report) announced a monthly dividend on Wednesday, May 17th, Wall Street Journal reports. Shareholders of record on Thursday, August 24th will be given a dividend of 0.0198 per share by the financial services provider on Friday, September 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Wednesday, August 23rd.

Western Asset Municipal High Income Fund Price Performance

Shares of Western Asset Municipal High Income Fund stock opened at $6.35 on Monday. Western Asset Municipal High Income Fund has a twelve month low of $6.10 and a twelve month high of $6.96. The company’s fifty day moving average is $6.45 and its 200 day moving average is $6.47.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Several institutional investors have recently made changes to their positions in MHF. JPMorgan Chase & Co. grew its position in Western Asset Municipal High Income Fund by 88.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,610 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 2,636 shares in the last quarter. LPL Financial LLC lifted its stake 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 worth $134,000 after purchasing an additional 3,000 shares in the last quarter. UBS Group AG lifted its stake 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 worth $289,000 after purchasing an additional 3,770 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Western Asset Municipal High Income Fund by 88.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 10,527 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 4,936 shares in the last quarter. Finally, Susquehanna International Group LLP raised its position in shares of Western Asset Municipal High Income Fund by 47.1% during the 4th quarter. Susquehanna International Group LLP now owns 24,669 shares of the financial services provider’s stock valued at $157,000 after buying an additional 7,902 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

About Western Asset Municipal High Income Fund

(Get Free Report)

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.