Ex-Div Reminder for Pioneer Municipal High Income Advantage Trust (MAV)

Looking at the universe of stocks we cover at Dividend Channel, on 5/15/15, Pioneer Municipal High Income Advantage Trust ( MAV) will trade ex-dividend, for its monthly dividend of $0.08, payable on 5/29/15. As a percentage of MAV's recent stock price of $14.03, this dividend works out to approximately 0.57%, so look for shares of Pioneer Municipal High Income Advantage Trust to trade 0.57% lower — all else being equal — when MAV shares open for trading on 5/15/15.

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Below is a dividend history chart for MAV, showing historical dividends prior to the most recent $0.08 declared by Pioneer Municipal High Income Advantage Trust:

MAV+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MAV is likely to continue, and whether the current estimated yield of 6.84% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MAV shares, versus its 200 day moving average:

Pioneer Municipal High Income Advantage Trust 200 Day Moving Average Chart

Looking at the chart above, MAV's low point in its 52 week range is $13.38 per share, with $15.90 as the 52 week high point — that compares with a last trade of $14.03.

In Wednesday trading, Pioneer Municipal High Income Advantage Trust shares are currently up about 0.2% on the day.

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