Pioneer Municipal High Income Trust (NYSE:MHI) announced a monthly dividend on Tuesday, January 7th, Zacks reports. Stockholders of record on Tuesday, January 21st will be given a dividend of 0.045 per share by the investment management company on Friday, January 31st. This represents a $0.54 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, January 17th.
Pioneer Municipal High Income Trust has decreased its dividend payment by an average of 11.4% per year over the last three years and has raised its dividend every year for the last 1 years.
Shares of MHI traded up $0.02 during mid-day trading on Thursday, reaching $12.36. 10,217 shares of the company’s stock were exchanged, compared to its average volume of 62,708. The business’s fifty day simple moving average is $12.10 and its 200-day simple moving average is $12.29. Pioneer Municipal High Income Trust has a 52-week low of $11.07 and a 52-week high of $12.78.
Pioneer Municipal High Income Trust 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.
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