On June 5, 2023, Pioneer Municipal High Income Opportunities Fund’s board of directors announced a regular monthly dividend of $0.04 per share ($0.51 annualized). This is the same amount as the previous dividend.
To be eligible to receive the dividend, shares must be purchased before the ex-dividend date of June 15, 2023. Shareholders of record as of June 16, 2023, will receive the dividend payment on June 30, 2023.
The stock’s dividend yield is currently 4.94%, based on a share price of $10.33.
Over the past five years and on a weekly basis, the average dividend yield for the stock has been 4.32%, with a low of 2.83% and a high of 6.00%. The standard deviation of dividend yields for this period is 0.97 (n=83). The current dividend yield is 0.64 standard deviations above the historical average.
The company has not increased its dividend in the last three years.
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What is the Fund’s Sentiment?
As of the latest filing, 32 funds or institutions have reported positions in Pioneer Municipal High Income Opportunities Fund. This represents a decrease of 7 owners or 17.95% in the last quarter. The average portfolio weight among all funds invested in MIO is 0.32%, a decrease of 0.33%. Institutions’ total shares decreased by 0.45% in the last three months to 6,658K shares.
What are Other Shareholders Doing?
Saba Capital Management currently has a portfolio with 1,045K shares in MIO. In the last quarter, the firm increased its allocation in MIO by 61.78%.
Sit Investment Associates currently has a portfolio with 986K shares in MIO. In the last quarter, the firm increased its allocation by 2.84%.
Atlas Wealth currently owns 701K shares in MIO. In the last quarter, the firm decreased its allocation in MIO by 25.08%.
City Of London Investment Management currently has a portfolio with 421K shares in MIO. In the last quarter, the firm decreased its allocation by 10.26%.
Wells Fargo currently owns 300K shares in MIO. In the last quarter, the firm decreased its allocation in MIO by 65.23%.
About Pioneer Municipal High Income Opportunities Fund
(Information provided by the company.)
Pioneer Municipal High Income Opportunities Fund, Inc. is a newly-organized, diversified, closed-end management investment company. The fund’s primary investment objective is to provide holders of its common stock with a high level of current income exempt from regular federal income tax. As a secondary investment objective, the fund may seek capital appreciation to the extent consistent with its primary investment objective. Amundi Asset Management US, Inc. (“Amundi US”) is the fund’s investment adviser.
This story was originally published on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.