MFS High Yield Municipal Trust (NYSE:CMU) Raises Dividend to $0.01 Per Share

MFS High Yield Municipal Trust (NYSE:CMU) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be given a dividend of 0.0145 per share on Wednesday, July 31st. This represents a $0.17 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Tuesday, July 16th. This is an increase from MFS High Yield Municipal Trust’s previous monthly dividend of $0.01.

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

MFS High Yield Municipal Trust Stock Up 0.4 %

Shares of CMU stock opened at $3.44 on Wednesday. MFS High Yield Municipal Trust has a fifty-two week low of $2.78 and a fifty-two week high of $3.45. The stock’s fifty day moving average price is $3.33 and its two-hundred day moving average price is $3.31.

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.