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

MFS High Yield Municipal Trust (NYSE:CMU) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.0135 per share on Friday, May 31st. This represents a $0.16 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Tuesday, May 14th.

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

MFS High Yield Municipal Trust Price Performance

NYSE CMU traded up $0.02 during trading hours on Friday, hitting $3.29. The company’s stock had a trading volume of 95,857 shares, compared to its average volume of 62,801. MFS High Yield Municipal Trust has a 12 month low of $2.78 and a 12 month high of $3.38. The company’s 50 day simple moving average is $3.29 and its two-hundred day simple moving average is $3.21.

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.