Miller/Howard High Income Equity Fund (NYSE:HIE) announced a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Investors of record on Wednesday, June 23rd will be paid a dividend of 0.048 per share on Wednesday, June 30th. This represents a $0.58 annualized dividend and a yield of 5.88%. The ex-dividend date is Tuesday, June 22nd.
Shares of Miller/Howard High Income Equity Fund stock opened at $9.80 on Thursday. The stock has a 50-day moving average price of $9.19 and a 200 day moving average price of $7.78. Miller/Howard High Income Equity Fund has a 1 year low of $5.13 and a 1 year high of $9.83.
In other Miller/Howard High Income Equity Fund news, major shareholder Saba Capital Management, L.P. acquired 4,023 shares of Miller/Howard High Income Equity Fund stock in a transaction that occurred on Wednesday, February 17th. The stock was purchased at an average cost of $8.57 per share, with a total value of $34,477.11. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders purchased 22,449 shares of company stock valued at $186,708.
About Miller/Howard High Income Equity Fund
Miller/Howard High Income Equity Fund is a closed ended equity mutual fund launched and managed by Miller Howard Investments, Inc It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in growth and high dividend paying stocks of companies.
Featured Story: What economic reports are most valuable to investors?
Receive News & Ratings for Miller/Howard High Income Equity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Miller/Howard High Income Equity Fund and related companies with MarketBeat.com's FREE daily email newsletter.