Pioneer Municipal High Income Advantage Fund, Inc. to Issue Monthly Dividend of $0.03 (NYSE:MAV)

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) declared a monthly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.0325 per share on Friday, February 28th. This represents a $0.39 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Tuesday, February 18th.

Pioneer Municipal High Income Advantage Fund has decreased its dividend by an average of 0.8% annually over the last three years.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of NYSE MAV opened at $8.56 on Friday. The company has a 50 day simple moving average of $8.55 and a 200-day simple moving average of $8.67. Pioneer Municipal High Income Advantage Fund has a 1 year low of $7.77 and a 1 year high of $9.10.

About Pioneer Municipal High Income Advantage Fund

Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.