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

MFS High Yield Municipal Trust (NYSE:CMU) declared a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be paid 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 a boost 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 0.6 %

Shares of NYSE:CMU traded up $0.02 during trading on Tuesday, hitting $3.44. 29,026 shares of the company were exchanged, compared to its average volume of 58,530. The business’s 50 day moving average is $3.33 and its 200-day moving average is $3.31. MFS High Yield Municipal Trust has a 1-year low of $2.78 and a 1-year high of $3.45.

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.