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

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) declared a monthly dividend on Tuesday, November 5th, Wall Street Journal reports. Stockholders 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 dividend yield of 4.53%. The ex-dividend date of this dividend is Friday, November 15th.

Pioneer Municipal High Income Fund Trading Down 1.6 %

Shares of MHI traded down $0.15 on Wednesday, reaching $9.27. 46,215 shares of the company’s stock were exchanged, compared to its average volume of 60,188. Pioneer Municipal High Income Fund has a 12 month low of $7.34 and a 12 month high of $9.72. The business has a 50 day moving average price of $9.50 and a two-hundred day moving average price of $9.21.

Insider Buying and Selling at Pioneer Municipal High Income Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 24,611 shares of Pioneer Municipal High Income Fund stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $9.43 per share, for a total transaction of $232,081.73. Following the transaction, the insider now directly owns 3,604,754 shares of the company’s stock, valued at approximately $33,992,830.22. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders acquired 34,071 shares of company stock worth $321,179.

About Pioneer Municipal High Income Fund

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.