MFS High Yield Municipal Trust (NYSE:CMU) to Issue $0.01 Monthly Dividend

MFS High Yield Municipal Trust (NYSE:CMU) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Tuesday, January 14th will be paid a dividend of 0.0145 per share on Friday, January 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Tuesday, January 14th.

MFS High Yield Municipal Trust has decreased its dividend payment by an average of 14.8% per year over the last three years.

MFS High Yield Municipal Trust Stock Performance

NYSE CMU traded up $0.03 during trading hours on Friday, reaching $3.56. The company’s stock had a trading volume of 30,734 shares, compared to its average volume of 42,667. The business has a 50-day simple moving average of $3.57 and a 200 day simple moving average of $3.56. MFS High Yield Municipal Trust has a 52 week low of $3.20 and a 52 week high of $3.70.

MFS High Yield Municipal Trust Company Profile

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.