Pioneer Municipal High Income Fund, Inc. (MHI) to Issue Monthly Dividend of $0.04 on November 29th

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) 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 0.035 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 is Friday, November 15th.

Pioneer Municipal High Income Fund Trading Down 1.6 %

Shares of Pioneer Municipal High Income Fund stock opened at $9.27 on Thursday. Pioneer Municipal High Income Fund has a 52-week low of $7.34 and a 52-week high of $9.72. The company’s 50-day simple moving average is $9.50 and its 200-day simple moving average is $9.21.

Insiders Place Their Bets

In other Pioneer Municipal High Income Fund news, major shareholder Saba Capital Management, L.P. acquired 4,360 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $9.43 per share, with a total value of $41,114.80. Following the completion of the acquisition, the insider now directly owns 3,610,614 shares of the company’s stock, valued at approximately $34,048,090.02. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have 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.