News stories about Western Asset High Income Fund (NYSE:MTT) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Western Asset High Income Fund earned a news sentiment score of 0.38 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.3467786041951 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Western Asset High Income Fund stock traded up $0.23 during mid-day trading on Thursday, hitting $21.68. 10,714 shares of the company’s stock were exchanged, compared to its average volume of 36,111. Western Asset High Income Fund has a fifty-two week low of $20.45 and a fifty-two week high of $23.90.
The company also recently declared a monthly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 25th will be paid a $0.084 dividend. This represents a $1.01 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, May 24th.
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Western Asset Municipal Defined Opportunity Trust Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is to provide high current income exempt from federal income tax and then to liquidate on or about April 30, 2021, and distribute all of the Fund’s net assets to shareholders.
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