NYSE · Asset Management · USD

Western Asset Municipal High Income Fund Inc. (MHF) Stock Analysis

Western Asset Municipal High Income Fund Inc. (MHF) is a Asset Management stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

MHF

$6.67

+$0.13 (+1.99%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MHF Key Statistics

As of Oct 21, 2026

Trading

Open: $6.58
Previous Close: $6.54
Day's Range: 6.54–6.67
52-Week Range: 5.84–7.33
Volume: 212.06K
Beta: 0.49

Valuation

Market Cap: $148.23M
P/E Ratio: 18.03
P/S ratio: 22.31
EPS (ttm): 0.37

Financials (FY)

Revenue (FY): $4.03M−78.12%
Net Income (FY): $3.68M−79.75%
Profit margin: 123.17%
Shares Outstanding: 22.22M
1-Year Return: −0.90%

Dividend and dates

Dividend: $0.41+6.24%
Ex-Dividend Date: October 23, 2026
Avg Volume: 88.64K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MHF closed at $6.67, −0.90% over 1 year.

Western Asset Municipal High Income Fund Inc. (MHF) has a market capitalization of $148.23M.

In fiscal 2025, MHF reported revenue of $4.03M.

MHF Stock Return by Calendar Year

Western Asset Municipal High Income Fund Inc. (MHF) 10-year return: what $10,000 became

1 year: $10,000 $9,910; −0.90%
5 years: $10,000 $9,909; −0.91%
10 years: $10,000 $13,234; +32.34%

If you had invested $10,000 in Western Asset Municipal High Income Fund Inc. (MHF) 10 years ago, at the close on October 21, 2016, it would have been worth $13,234 at the close on October 21, 2026: +32.34% in total, +2.84% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

+14.02%−17.65%+0.36%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+0.36%
2025	+7.18%
2024	+12.00%
2023	+4.56%
2022	−17.65%
2021	+10.45%
2020	+2.97%
2019	+14.02%
2018	−2.19%
2017	+7.63%
2016 (partial year)	−9.90%

As of October 21, 2026.

MHF Revenue and Earnings by Fiscal Year

FY ends October

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$4.03M	$3.68M	91.4%
2024	$18.42M	$18.19M	98.7%
2023	$4.21M	$3.98M	94.5%
2022	−$20.51M	−$20.78M	101.3%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$4.03M	—	—	$3.68M	91.4%
2024	$18.42M	—	—	$18.19M	98.7%
2023	$4.21M	—	—	$3.98M	94.5%
2022	−$20.51M	—	—	−$20.78M	101.3%

Annual figures as reported, in the company's reporting currency. As of October 31, 2025.

MHF Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.41+6.2% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	$0.27	8	—
2025	$0.41	12	+6.2%
2024	$0.38	12	+56.7%
2023	$0.25	12	+2.1%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.27	8	—
2025	$0.41	12	+6.2%
2024	$0.38	12	+56.7%
2023	$0.25	12	+2.1%
2022	$0.24	12	−8.4%
2021	$0.26	12	−6.4%
2020	$0.28	12	−9.7%
2019	$0.31	12	−0.6%
2018	$0.31	12	+0.0%
2017	$0.31	12	+488.7%
2016	$0.05	2	—

Most recent payment: $0.03 per share, ex-dividend August 24, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

MHF Valuation vs Asset Management Median

Median of 512 stocks

Metric	MHF	Asset Management median	vs median
P/E	18.03	9.44	91% above
P/S ratio	22.31	8.59	160% above
Profit margin	123.17%	74.97%	48.2 pts above

Medians across 512 Asset Management stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Western Asset Municipal High Income Fund Inc. (MHF) is capitalised at $148.23M on the latest close. It is classified in the Asset Management industry, within the Financial Services sector.

The most recent close on file for MHF is $6.67, dated October 21, 2026. That is +$0.13 (+1.99%) against the previous close. The 52-week range on file runs from $5.84 to $7.33. The latest close sits 14.21% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $4.03M. That is −78.12% against the prior fiscal year, when revenue was $18.42M. The same year closed with net income of $3.68M. That is −79.75% against the prior fiscal year. Profit margin runs at 123.17%. That is 48.2 percentage points above the Asset Management median of 74.97%. Trailing earnings per share are 0.37.

Across the 4 fiscal years on file, revenue moves from −$20.51M in 2022 to $4.03M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 18.03 times earnings. That is 91% above the Asset Management median of 9.44. The price-to-sales ratio is 22.31. On price-to-sales that is 159.6% above the Asset Management median of 8.59. 512 Asset Management companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is −0.90%. Measured over 10 years, that is +2.84% a year compounded. The reported beta is 0.49. Annualized volatility over the trailing 10 years is 13.71%.

Growth & Income

The trailing dividend yield is 6.24%. That is 2.7 percentage points below the Asset Management median yield of 8.91%. At the indicated rate that is $0.41 a share a year. The ex-dividend date on file is October 23, 2026. Dividends are recorded for 11 calendar years; 2026 shows 8 payments totalling $0.27 a share. The year before, 2025, totalled $0.41 a share.

The strongest complete calendar year on file is 2019 at +14.02%; the weakest is 2022 at −17.65%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the total return is +0.36% year to date.

Peer Comparison

Western Asset Municipal High Income Fund Inc. (MHF) operates in the Asset Management industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Western Asset Municipal High Income Fund Inc.	MHF	$148.23M	18.0
BlackRock, Inc.	BLK	$184.31B	25.8
Blackstone Inc.	BX	$127.43B	23.9
Brookfield Corporation	BN	$83.74B	69.5

The Asset Management industry average P/E ratio is 9.4x. Western Asset Municipal High Income Fund Inc. trades at a P/E of 18.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Western Asset Municipal High Income Fund Inc.

Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivisions, agencies and public authorities. The fund seeks to invest in investment grade debt securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization to create its portfolio. It benchmarks the performance of its portfolio against the Lehman Brothers Municipal Bond Index. The fund was formerly known as Municipal High Income Fund Inc. Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 and is domiciled in the United States.

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