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

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) announced a monthly dividend on Tuesday, November 5th, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.035 per share by the investment management company on Friday, November 29th. This represents a $0.42 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, November 15th.

Pioneer Municipal High Income Fund Stock Performance

Shares of NYSE:MHI traded down $0.15 during trading on Wednesday, reaching $9.27. The stock had a trading volume of 46,215 shares, compared to its average volume of 60,188. Pioneer Municipal High Income Fund has a 52 week low of $7.34 and a 52 week high of $9.72. The business’s 50-day moving average price is $9.50 and its 200 day moving average price is $9.21.

Insider Buying and Selling at Pioneer Municipal High Income Fund

In other Pioneer Municipal High Income Fund news, major shareholder Saba Capital Management, L.P. bought 4,360 shares of the stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of $9.43 per share, for a total transaction of $41,114.80. Following the completion of the purchase, the insider now owns 3,610,614 shares in the company, valued at $34,048,090.02. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders acquired 34,071 shares of company stock worth $321,179.

Pioneer Municipal High Income Fund Company Profile

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.