Mfs Hi Yld (NYSE:CMU – Get Free Report) announced a monthly dividend on Monday, May 11th. Investors of record on Thursday, May 21st will be given a dividend of 0.0165 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, May 21st.
Mfs Hi Yld Price Performance
NYSE CMU opened at $3.48 on Wednesday. Mfs Hi Yld has a twelve month low of $3.21 and a twelve month high of $3.71. The business’s fifty day moving average is $3.60 and its 200 day moving average is $3.55.
About Mfs Hi Yld
MFS High Income Municipal Trust (NYSE:CMU) is a closed-end management investment company that seeks to provide total return through a combination of current income exempt from U.S. federal income tax and capital appreciation. The fund primarily invests in high-yield municipal securities, focusing on non-investment-grade and lower-rated municipal bonds across a variety of sectors. By targeting issuers with attractive yield characteristics, the trust aims to deliver enhanced tax-exempt income to its shareholders.
The investment strategy of the fund emphasizes in-depth credit analysis, sector allocation and risk management.
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