SmarterDividends
MHF

Western Asset Municipal High Income Fund Inc.

MHF

Financial Services · Stock · monthly payer

Forward Yield

5.92%

Annual Dividend

$0.41

Payout Ratio

227%

5-Yr Growth

7.2%

Ex-Date

Jun 23, 2026

Frequency

Monthly

MHF Dividend Safety Score

50/ 100
Grade C

Borderline

Dividend-growth streak3 consecutive years of growth
Cut historyCut its dividend in 2022
Earnings payout coverage227% of earnings paid out
Balance-sheet strengthDebt/equity of 1.76
Yield vs its historyYield is 1.3× its 5-yr average — elevated

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Is MHF a good dividend stock?

Mixed

Western Asset Municipal High Income Fund Inc. (MHF) pays a monthly dividend yielding 5.92% ($0.41/yr), with 3 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 7.2% 5-yr dividend growth

Risks

  • Cut its dividend in 2022
  • Elevated payout ratio (227%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
5.92%
Payout Ratio
227%
Annual Dividend
$0.41
5-Yr Avg Growth
7.2%
Ex-Dividend Date
Jun 23, 2026
Years of Growth
3
Frequency
monthly
Beta
0.47
Market Cap
$153.0M
P/E Ratio
38.3
5-Yr Total Return
-19%
52-Week Range
$6.61 – $7.64
Dividend Safety
C · 50/100
Ever Cut?
Yes (2022)
MHF ex-dividend date & scheduleNext ex-date Jun 23, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $0.41 / yr per share

Per payment (monthly)$3.42
Annual$41.00
Monthly avg$3.42