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 Thursday, June 5th, Wall Street Journal reports. Stockholders of record on Wednesday, June 18th will be given a dividend of 0.035 per share by the investment management company on Monday, June 30th. This represents a $0.42 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend is Wednesday, June 18th.

Pioneer Municipal High Income Fund Price Performance

Pioneer Municipal High Income Fund stock opened at $9.12 on Friday. The company’s fifty day moving average price is $9.04 and its 200 day moving average price is $9.28. Pioneer Municipal High Income Fund has a 1 year low of $8.63 and a 1 year high of $9.74.

Institutional Investors Weigh In On Pioneer Municipal High Income Fund

An institutional investor recently raised its position in Pioneer Municipal High Income Fund stock. Royal Bank of Canada grew its holdings in shares of Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,072 shares of the investment management company’s stock after purchasing an additional 12,201 shares during the quarter. Royal Bank of Canada’s holdings in Pioneer Municipal High Income Fund were worth $1,583,000 at the end of the most recent quarter.

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.