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

MFS High Yield Municipal Trust (NYSE:CMU) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0145 per share on Wednesday, April 30th. This represents a $0.17 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Tuesday, April 15th.

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

MFS High Yield Municipal Trust Stock Performance

Shares of CMU remained flat at $3.50 during midday trading on Wednesday. The stock had a trading volume of 213,932 shares, compared to its average volume of 51,591. The firm 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 fifty-two week low of $3.20 and a fifty-two 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.