Pioneer Municipal High Inc (NYSE:MAV) Declares $0.04 Monthly Dividend

Pioneer Municipal High Inc (NYSE:MAV) announced a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Investors of record on Tuesday, June 18th will be paid a dividend of 0.0375 per share on Friday, June 28th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, June 17th.

Pioneer Municipal High has decreased its dividend payment by an average of 14.8% per year over the last three years.

Shares of NYSE:MAV traded up $0.02 during midday trading on Friday, reaching $10.75. The company had a trading volume of 76,900 shares, compared to its average volume of 88,325. The company’s fifty day simple moving average is $10.74. Pioneer Municipal High has a one year low of $10.00 and a one year high of $11.29.

Separately, Royal Bank of Canada reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Pioneer Municipal High in a report on Friday, March 29th.

Pioneer Municipal High Company Profile

Pioneer Municipal High Income Advantage Trust 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.

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Dividend History for Pioneer Municipal High (NYSE:MAV)

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