Looking at the universe of stocks we cover at Dividend Channel, on 5/14/13, Pioneer Municipal High Income Trust (MHI) will trade ex-dividend, for its monthly dividend of $0.095, payable on 5/31/13. As a percentage of MHI's recent stock price of $16.23, this dividend works out to approximately 0.59%, so look for shares of Pioneer Municipal High Income Trust to trade 0.59% lower — all else being equal — when MHI shares open for trading on 5/14/13.
Below is a dividend history chart for MHI, showing historical dividends prior to the most recent $0.095 declared by Pioneer Municipal High Income Trust:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MHI is likely to continue, and whether the current estimated yield of 7.02% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MHI shares, versus its 200 day moving average:Looking at the chart above, MHI's low point in its 52 week range is $14.78 per share, with $16.89 as the 52 week high point — that compares with a last trade of $16.23.
In Friday trading, Pioneer Municipal High Income Trust shares are currently down about 0.2% on the day.