MFS High Income Municipal Trust Announces Monthly Dividend of $0.02 (NYSE:CXE)

MFS High Income Municipal Trust (NYSE:CXE) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.018 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, March 17th.

MFS High Income Municipal Trust Stock Performance

Shares of MFS High Income Municipal Trust stock traded up $0.01 during midday trading on Wednesday, hitting $3.85. The company’s stock had a trading volume of 13,849 shares, compared to its average volume of 79,475. MFS High Income Municipal Trust has a 1-year low of $3.38 and a 1-year high of $3.88. The stock has a 50-day simple moving average of $3.77 and a 200-day simple moving average of $3.72.

Hedge Funds Weigh In On MFS High Income Municipal Trust

A number of large investors have recently made changes to their positions in the business. Indivisible Partners acquired a new stake in shares of MFS High Income Municipal Trust during the fourth quarter worth approximately $39,000. Allworth Financial LP purchased a new stake in MFS High Income Municipal Trust in the 2nd quarter worth approximately $47,000. Goldman Sachs Group Inc. purchased a new stake in MFS High Income Municipal Trust in the 4th quarter worth approximately $55,000. Nomura Holdings Inc. acquired a new stake in shares of MFS High Income Municipal Trust during the 3rd quarter valued at $56,000. Finally, StoneX Group Inc. purchased a new position in shares of MFS High Income Municipal Trust during the 4th quarter valued at $58,000. Institutional investors and hedge funds own 34.37% of the company’s stock.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.