MFS California Municipal Fund (NYSE:CCA) Rating Lowered to Hold at Canaccord Genuity

Canaccord Genuity lowered shares of MFS California Municipal Fund (NYSEAMERICAN:CCA) to a hold rating in a research report released on Monday, November 6th. They currently have $93.00 target price on the stock.

MFS California Municipal Fund (NYSEAMERICAN:CCA) traded up $0.06 on Monday, reaching $11.85. 634 shares of the company’s stock were exchanged, compared to its average volume of 6,310. MFS California Municipal Fund has a 1 year low of $11.05 and a 1 year high of $14.00.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.043 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Tuesday, November 14th.

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