Pioneer Municipal High Income Advantage Fund, Inc. (MAV) to Issue Monthly Dividend of $0.03 on November 29th

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) announced a monthly dividend on Tuesday, November 5th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.0325 per share on Friday, November 29th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, November 15th.

Pioneer Municipal High Income Advantage Fund Price Performance

MAV stock opened at $8.71 on Wednesday. The business’s 50 day simple moving average is $8.76 and its 200 day simple moving average is $8.45. Pioneer Municipal High Income Advantage Fund has a 1-year low of $7.03 and a 1-year high of $9.10.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 42,553 shares of Pioneer Municipal High Income Advantage Fund stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average price of $8.69 per share, with a total value of $369,785.57. Following the acquisition, the insider now owns 3,247,770 shares of the company’s stock, valued at approximately $28,223,121.30. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 86,058 shares of company stock valued at $744,811 over the last ninety days.

About Pioneer Municipal High Income Advantage Fund

Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.