MFS High Yield Municipal Trust (CMU) to Issue Monthly Dividend of $0.01 on September 30th

MFS High Yield Municipal Trust (NYSE:CMUGet Rating) announced a monthly dividend on Friday, September 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, September 14th will be paid a dividend of 0.0145 per share on Friday, September 30th. This represents a $0.17 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date is Tuesday, September 13th.

MFS High Yield Municipal Trust has decreased its dividend payment by an average of 7.0% annually over the last three years.

MFS High Yield Municipal Trust Trading Down 0.3 %

Shares of NYSE CMU opened at $3.30 on Friday. MFS High Yield Municipal Trust has a twelve month low of $3.14 and a twelve month high of $4.80. The stock has a 50 day moving average of $3.47 and a two-hundred day moving average of $3.57.

Institutional Investors Weigh In On MFS High Yield Municipal Trust

Several large investors have recently modified their holdings of the stock. Guggenheim Capital LLC purchased a new stake in shares of MFS High Yield Municipal Trust during the first quarter worth approximately $42,000. Nomura Holdings Inc. purchased a new stake in shares of MFS High Yield Municipal Trust during the second quarter worth approximately $49,000. Doyle Wealth Management purchased a new stake in shares of MFS High Yield Municipal Trust during the first quarter worth approximately $66,000. Robinson Capital Management LLC raised its stake in shares of MFS High Yield Municipal Trust by 2.4% during the first quarter. Robinson Capital Management LLC now owns 715,718 shares of the company’s stock worth $2,770,000 after purchasing an additional 17,006 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of MFS High Yield Municipal Trust by 381.8% during the first quarter. Bank of America Corp DE now owns 23,535 shares of the company’s stock worth $91,000 after purchasing an additional 18,650 shares during the last quarter.

About MFS High Yield Municipal Trust

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MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

See Also

Dividend History for MFS High Yield Municipal Trust (NYSE:CMU)

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