MHF (Western Asset Municipal Highome Fund) Dividend Payout Ratio: 2.50 (As of Apr. 2026) — 48% Above Median


MHF Western Asset Municipal High Income Fund Inc MHF
59 GF Score
Price $6.89
GF Value $6.85
Valuation Fairly Valued
! 4 Warning Signs
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What is Western Asset Municipal Highome Fund Dividend Payout Ratio?

Western Asset Municipal Highome Fund MHF +0.44% 59 Dividend Payout Ratio is 2.50 as of Apr. 2026, which is 48% above its 10-year median of 1.69. GuruFocus rates MHF with a GF Score™ of 59/100 and a GF Value™ of $6.85 (Fairly Valued). The stock has 4 warning signs investors should review. Among 931 Asset Management companies, Western Asset Municipal Highome Fund ranks worse than 71.21% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Western Asset Municipal Highome Fund's Dividend Payout Ratio for the months ended in Apr. 2026 was 2.50.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Western Asset Municipal High Income Fund Inc is 1.19, which seems too high.

The historical rank and industry rank for Western Asset Municipal Highome Fund's Dividend Payout Ratio or its related term are showing as below:

MHF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.44   Med: 1.69   Max: 7.65
Current: 1.19

During the past 9 years, the highest Dividend Payout Ratio of Western Asset Municipal Highome Fund was 7.65. The lowest was 0.44. And the median was 1.69.

MHF's Dividend Payout Ratio is ranked worse than
71.21% of 931 companies
in the Asset Management industry
Industry Median: 0.7 vs MHF: 1.19

As of today (2026-06-29), the Dividend Yield % of Western Asset Municipal Highome Fund is 6.22%.

During the past 9 years, the highest Trailing Annual Dividend Yield of Western Asset Municipal Highome Fund was 6.22%. The lowest was 3.12%. And the median was 4.04%.

Western Asset Municipal Highome Fund's Dividends per Share for the months ended in Apr. 2026 was $0.23.

During the past 12 months, Western Asset Municipal Highome Fund's average Dividends Per Share Growth Rate was 5.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 19.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.60% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Western Asset Municipal Highome Fund was 19.70% per year. The lowest was -8.00% per year. And the median was -3.75% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Western Asset Municipal Highome Fund (NYSE:MHF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Western Asset Municipal Highome Fund Dividend Payout Ratio Related Terms

Western Asset Municipal Highome Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Western Asset Municipal Highome Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Western Asset Municipal Highome Fund Dividend Payout Ratio Chart

Western Asset Municipal Highome Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only 0.64 0.00 1.34 0.44 2.27

Western Asset Municipal Highome Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.87 0.00 0.75 2.50

MHF vs PIM, MSD, IGA: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Western Asset Municipal Highome Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Western Asset Municipal Highome Fund Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Western Asset Municipal Highome Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Western Asset Municipal Highome Fund's Dividend Payout Ratio falls into.


MHF
59GF Score
Western Asset Municipal High Income Fund Inc MHF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Asset Municipal Highome Fund Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Western Asset Municipal Highome Fund's Dividend Payout Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Oct. 2025 )/ EPS without NRI (A: Oct. 2025 )
=0.408/ 0.18
=2.27

Western Asset Municipal Highome Fund's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Apr. 2026 )/ EPS without NRI (Q: Apr. 2026 )
=0.225/ 0.09
=2.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 2.50 mean?
Western Asset Municipal Highome Fund (MHF) has a Dividend Payout Ratio of 2.50 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Western Asset Municipal Highome Fund and its competitors. This is 48% above median its historical median of 1.69. Over the past decade, Western Asset Municipal Highome Fund's Dividend Payout Ratio has ranged from 0.44 to 7.65. According to the industry distribution chart, Western Asset Municipal Highome Fund ranks #663 out of 931 companies in the Asset Management industry, placing it in the top 71.2%.
Is Western Asset Municipal Highome Fund's Dividend Payout Ratio too high?
Western Asset Municipal Highome Fund's current Dividend Payout Ratio of 2.50 is 48% above median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 7.65. The Asset Management industry median Dividend Payout Ratio is 0.70. Western Asset Municipal Highome Fund's value of 2.50 is 257.1% above this industry median. Based on the distribution chart, Western Asset Municipal Highome Fund ranks #663 out of 931 companies in the Asset Management industry, which is below the industry midpoint. Overall, Western Asset Municipal Highome Fund has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Western Asset Municipal Highome Fund's Dividend Payout Ratio compare to PIM and MSD?
According to the Asset Management industry distribution chart, Western Asset Municipal Highome Fund ranks #663 out of 931 companies for Dividend Payout Ratio. This places Western Asset Municipal Highome Fund in the lower half of its industry. The industry median Dividend Payout Ratio is 0.70. Western Asset Municipal Highome Fund's value of 2.50 is 257.1% above this benchmark. Historically, Western Asset Municipal Highome Fund's own Dividend Payout Ratio has ranged from 0.44 to 7.65 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 0.70, Western Asset Municipal Highome Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.70, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Western Asset Municipal Highome Fund's current Dividend Payout Ratio of 2.50 is 257.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Western Asset Municipal Highome Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Asset Municipal Highome Fund's current Dividend Payout Ratio is 2.50, which is 48% above median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Asset Municipal Highome Fund stock overvalued right now?
Based on GuruFocus' analysis, Western Asset Municipal Highome Fund (MHF) is currently considered Fairly Valued. The stock's GF Value™ is $6.85, compared to a current price of $6.89 — trading 0.6% above its estimated fair value. The current Dividend Payout Ratio is 2.50, which is 48% above median its 10-year median of 1.69 and 257.1% above the Asset Management industry median of 0.70. Western Asset Municipal Highome Fund's overall GF Score™ is 59/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Western Asset Municipal Highome Fund (MHF), the current Dividend Payout Ratio is 2.50 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Western Asset Municipal Highome Fund (MHF) Overvalued in 2026?

Based on GuruFocus' analysis, Western Asset Municipal Highome Fund stock appears to be overvalued. The current stock price of $6.89 is trading 0.6% above its estimated GF Value™ of $6.85. GuruFocus considers Western Asset Municipal Highome Fund to be Fairly Valued.

Key valuation signals for MHF:

  • Dividend Payout Ratio: 2.50 (48% above median its 10-year median of 1.69)
  • GF Value™: $6.85 vs. price of $6.89 (0.6% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 257.1% above the Asset Management median (#663 of 931)

No single metric tells the full story. See the MHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Western Asset Municipal Highome Fund Business Description

Address One Madison Avenue, 17th Floor, New York, NY, USA, 10010
Western Asset Municipal High Income Fund Inc is a diversified closed-end management investment company. The company's objective is to seek high current income exempt from federal income taxes. It invests predominantly in intermediate and long-term municipal debt securities issued by state and local governments.
59GF Score

Get the complete analysis for MHF

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.89
Price
$6.85
GF Value