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

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) declared a monthly dividend on Wednesday, August 7th, Wall Street Journal reports. Investors of record on Tuesday, August 20th will be paid a dividend of 0.035 per share by the investment management company on Friday, August 30th. This represents a $0.42 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Tuesday, August 20th.

Pioneer Municipal High Income Fund Trading Up 1.1 %

MHI stock traded up $0.10 on Wednesday, reaching $9.42. 232,511 shares of the company were exchanged, compared to its average volume of 66,784. Pioneer Municipal High Income Fund has a 12 month low of $6.93 and a 12 month high of $9.57. The stock’s fifty day moving average price is $9.10 and its 200 day moving average price is $8.86.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 3,538 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $8.88 per share, with a total value of $31,417.44. Following the completion of the transaction, the insider now owns 3,453,223 shares of the company’s stock, valued at approximately $30,664,620.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have purchased 73,235 shares of company stock valued at $668,674.

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.