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

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) announced a monthly dividend on Thursday, October 3rd, NASDAQ reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.035 per share by the investment management company on Thursday, October 31st. This represents a $0.42 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, October 18th.

Pioneer Municipal High Income Fund Stock Performance

Shares of NYSE:MHI opened at $9.47 on Thursday. The stock’s 50-day moving average is $9.52 and its 200 day moving average is $9.14. Pioneer Municipal High Income Fund has a 1 year low of $6.93 and a 1 year high of $9.72.

Insider Transactions at Pioneer Municipal High Income Fund

In other news, major shareholder Saba Capital Management, L.P. bought 4,360 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of $9.43 per share, with a total value of $41,114.80. Following the completion of the acquisition, the insider now owns 3,610,614 shares of the company’s stock, valued at approximately $34,048,090.02. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired 100,079 shares of company stock valued at $938,873 in the last three months.

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.