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

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) declared a dividend on Wednesday, July 3rd, NASDAQ reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.035 per share by the investment management company on Wednesday, July 31st. The ex-dividend date of this dividend is Friday, July 19th.

Pioneer Municipal High Income Fund Price Performance

NYSE:MHI remained flat at $9.13 during midday trading on Thursday. 18,229 shares of the company were exchanged, compared to its average volume of 71,012. The business has a 50 day moving average of $8.92 and a two-hundred day moving average of $8.76. Pioneer Municipal High Income Fund has a 52 week low of $6.93 and a 52 week high of $9.25.

Insider Buying and Selling at Pioneer Municipal High Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 11,105 shares of the stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $8.91 per share, with a total value of $98,945.55. Following the completion of the purchase, the insider now owns 3,449,685 shares in the company, valued at approximately $30,736,693.35. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 19,408 shares of company stock worth $171,533.

Pioneer Municipal High Income Fund Company Profile

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.