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

MFS High Yield Municipal Trust (NYSE:CMU) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0145 per share on Friday, February 28th. This represents a $0.17 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Tuesday, February 18th.

MFS High Yield Municipal Trust has decreased its dividend payment by an average of 5.9% annually over the last three years.

MFS High Yield Municipal Trust Price Performance

Shares of NYSE:CMU traded up $0.01 on Tuesday, reaching $3.54. The company had a trading volume of 34,720 shares, compared to its average volume of 60,583. The stock has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.57. MFS High Yield Municipal Trust has a twelve month low of $3.20 and a twelve month 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.