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

MFS High Yield Municipal Trust (NYSE:CMU) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Tuesday, January 14th will be given a dividend of 0.0145 per share on Friday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Tuesday, January 14th.

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

MFS High Yield Municipal Trust Stock Up 0.8 %

NYSE CMU traded up $0.03 during trading hours on Friday, hitting $3.56. 30,734 shares of the company’s stock traded hands, compared to its average volume of 42,667. The firm’s 50-day moving average is $3.57 and its 200-day moving average is $3.56. MFS High Yield Municipal Trust has a 52-week low of $3.20 and a 52-week high of $3.70.

About MFS High Yield Municipal Trust

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.