Pioneer Municipal High Inc (NYSE:MAV) announced a monthly dividend on Monday, November 6th, Wall Street Journal reports. Investors of record on Thursday, November 16th will be paid a dividend of 0.0525 per share on Thursday, November 30th. This represents a $0.63 annualized dividend and a yield of 5.53%. The ex-dividend date is Wednesday, November 15th. This is a boost from Pioneer Municipal High’s previous monthly dividend of $0.05.
Pioneer Municipal High has decreased its dividend by an average of 10.7% annually over the last three years.
Pioneer Municipal High (MAV) traded up $0.11 on Monday, hitting $11.37. The company’s stock had a trading volume of 51,307 shares, compared to its average volume of 74,151. Pioneer Municipal High has a 1 year low of $10.61 and a 1 year high of $12.89.
Pioneer Municipal High Income Advantage Trust is a diversified, open-ended management investment company. The investment objective of the Fund is to provide reasonable income and capital growth. The Fund offers four classes of shares designated as Class A, Class C, Class R and Class Y shares. Each class of shares represents an interest in the same portfolio of investments of the Fund and has identical rights (based on relative net asset values) to assets and liquidation proceeds.
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