Pioneer Municipal High Income Advantage Fund, Inc. to Issue Monthly Dividend of $0.03 (NYSE:MAV)

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) declared a monthly dividend on Wednesday, September 4th, NASDAQ reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.0325 per share on Monday, September 30th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, September 20th.

Pioneer Municipal High Income Advantage Fund Stock Up 0.6 %

Shares of NYSE MAV opened at $9.03 on Thursday. The stock has a fifty day moving average price of $8.63 and a 200 day moving average price of $8.26. Pioneer Municipal High Income Advantage Fund has a 1-year low of $6.37 and a 1-year high of $9.07.

Insider Transactions at Pioneer Municipal High Income Advantage Fund

In other news, major shareholder Saba Capital Management, L.P. bought 14,860 shares of the stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $8.67 per share, with a total value of $128,836.20. Following the completion of the acquisition, the insider now directly owns 3,285,719 shares in the company, valued at $28,487,183.73. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders bought 321,932 shares of company stock worth $2,743,644.

Pioneer Municipal High Income Advantage Fund Company Profile

Pioneer Municipal High Income Advantage Fund, Inc 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.