Pioneer Municipal High Income Trust (MHI) Plans Monthly Dividend of $0.05
Pioneer Municipal High Income Trust (NYSE:MHI) declared a monthly dividend on Tuesday, December 5th, Wall Street Journal reports. Shareholders of record on Thursday, December 14th will be paid a dividend of 0.0525 per share by the investment management company on Monday, December 18th. This represents a $0.63 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Wednesday, December 13th.
Pioneer Municipal High Income Trust has decreased its dividend payment by an average of 12.0% annually over the last three years.
Shares of Pioneer Municipal High Income Trust (NYSE:MHI) traded up $0.02 during trading on Tuesday, reaching $11.84. 124,300 shares of the company’s stock were exchanged, compared to its average volume of 80,484. Pioneer Municipal High Income Trust has a 52 week low of $11.31 and a 52 week high of $12.35.
Pioneer Municipal High Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to seek a high level of current income exempt from regular federal income tax, and the Trust may, as a secondary objective, also seek capital appreciation to the extent that it is consistent with its primary investment objective.
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