MFS High Yield Municipal Trust (NYSE:CMU) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, January 17th will be paid a dividend of 0.0215 per share on Wednesday, January 31st. This represents a $0.26 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Tuesday, January 16th.
MFS High Yield Municipal Trust has raised its dividend payment by an average of 0.5% annually over the last three years.
Shares of MFS High Yield Municipal Trust (NYSE:CMU) traded up $0.03 during trading hours on Friday, hitting $4.47. The stock had a trading volume of 148,117 shares, compared to its average volume of 67,257. MFS High Yield Municipal Trust has a 12-month low of $4.38 and a 12-month high of $4.89.
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MFS High Yield Municipal Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, over 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes.
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