Western Asset Municipal High Income Fund Inc. (MHF) To Go Ex-Dividend on September 21st

Western Asset Municipal High Income Fund Inc. (NYSE:MHF) announced a monthly dividend on Wednesday, August 2nd, NASDAQ reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.0208 per share by the financial services provider on Monday, October 2nd. This represents a $0.25 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Thursday, September 21st. This is an increase from Western Asset Municipal High Income Fund’s previous monthly dividend of $0.02.

Western Asset Municipal High Income Fund Stock Performance

NYSE:MHF opened at $6.24 on Tuesday. The stock’s 50 day moving average price is $6.37 and its two-hundred day moving average price is $6.42. Western Asset Municipal High Income Fund has a 12-month low of $6.10 and a 12-month high of $6.96.

Hedge Funds Weigh In On Western Asset Municipal High Income Fund

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Western Asset Municipal High Income Fund by 88.6% during the first 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 during the period. Virtu Financial LLC bought a new position in shares of Western Asset Municipal High Income Fund during the fourth quarter worth approximately $64,000. Steward Partners Investment Advisory LLC increased its stake in shares of Western Asset Municipal High Income Fund by 88.3% during the first 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 during the period. Ancora Advisors LLC bought a new position in shares of Western Asset Municipal High Income Fund during the first quarter worth approximately $124,000. Finally, LPL Financial LLC increased its stake in shares of Western Asset Municipal High Income Fund by 17.2% during the second 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 during the period. Institutional investors own 27.28% of the company’s stock.

About Western Asset Municipal High Income Fund

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.