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NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
Western Asset Municipal High Income Fund Inc. (NYSE: MHF - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $6.99 and traded as low as $6.91. Western Asset Municipal High Income Fund shares last traded at $6.9210, with a volume of 81,909 shares.
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Municipal bond closed-end funds (CEFs) are seeing narrowing discounts, with NXP and MHF offering the most compelling value in the space at present. Leverage costs are easing as the Fed cuts rates, which should improve distribution coverage and make leveraged muni CEFs more attractive. Of course, there are always risks that include increased volatility from leverage and sensitivity to long-term Treasury rates, but we've seen long-term rate stabilization within a fairly narrow range.
NEW YORK--(BUSINESS WIRE)--Category: Financials.
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
NEW YORK--(BUSINESS WIRE)--Category: Financials.
Western Asset Municipal High Income Fund Inc. (NYSE:MHF – Get Free Report) announced a monthly dividend on Thursday, February 22nd, Wall Street Journal reports. Stockholders of record on Thursday, May 23rd will be paid a dividend of 0.034 per share by the financial services provider on Monday, June 3rd. This represents a $0.41 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Wednesday, May 22nd. Western Asset Municipal High Income Fund has decreased its dividend payment by an average of 4.8% per year over the last three years and has raised its dividend every year for the last 2 years. Western Asset Municipal High Income Fund Price Performance Shares of Western Asset Municipal High Income Fund stock opened at $6.81 on Monday. The business has a fifty day simple moving average of $6.77 and a two-hundred day simple moving average of $6.55. Western Asset Municipal High Income Fund has a 1 year low of $5.92 and a 1 year high of $6.92. Western Asset Municipal High Income Fund Company Profile (Get Free Report) Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.