Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Announces Monthly Dividend of $0.05

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Friday, March 14th.

Pioneer Municipal High Income Opportunities Fund has increased its dividend payment by an average of 50.3% per year over the last three years.

Pioneer Municipal High Income Opportunities Fund Stock Performance

Shares of NYSE MIO traded up $0.11 during midday trading on Wednesday, reaching $12.14. 33,299 shares of the stock were exchanged, compared to its average volume of 24,326. The stock has a 50 day moving average price of $12.01 and a 200-day moving average price of $12.15. Pioneer Municipal High Income Opportunities Fund has a 52-week low of $10.95 and a 52-week high of $12.62.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. acquired 2,829 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $12.00 per share, with a total value of $33,948.00. Following the purchase, the insider now directly owns 2,113,637 shares in the company, valued at $25,363,644. The trade was a 0.13 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders bought 143,790 shares of company stock valued at $1,719,127.