Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Announces Monthly Dividend of $0.03

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) announced a monthly dividend on Wednesday, September 4th, NASDAQ reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.0325 per share on Monday, September 30th. This represents a $0.39 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Friday, September 20th.

Pioneer Municipal High Income Advantage Fund Price Performance

MAV opened at $8.98 on Wednesday. The business’s fifty day simple moving average is $8.62 and its 200-day simple moving average is $8.25. Pioneer Municipal High Income Advantage Fund has a 12-month low of $6.37 and a 12-month high of $9.07.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 21,324 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was bought at an average cost of $8.35 per share, for a total transaction of $178,055.40. Following the purchase, the insider now directly owns 2,910,950 shares of the company’s stock, valued at $24,306,432.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 321,932 shares of company stock worth $2,743,644.

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.