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In a notable market movement, Western Asset Municipal High Income Fund Inc. (MHF) stock has reached a 52-week high, trading at $7.8. This peak reflects a significant uptrend for the investment company specializing in municipal bonds. According to InvestingPro, MHF has maintained dividend payments for an impressive 37 consecutive years, currently offering a 5.35% dividend yield. Over the past year, MHF has witnessed a robust performance with a total return of 19.93%. Investors have shown increased confidence in the fund’s strategy and portfolio management, which is evident in the stock’s sustained upward trajectory and its current standing at the top of its 52-week range. With a beta of 0.46 and P/E ratio of 9.19, the fund demonstrates strong market stability. InvestingPro subscribers can access additional key metrics and insights about MHF’s performance.
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