MFS High Income Municipal Trust (NYSE:CXE) Plans Monthly Dividend of $0.02

MFS High Income Municipal Trust (NYSE:CXE) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.015 per share on Friday, May 31st. This represents a $0.18 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Tuesday, May 14th.

MFS High Income Municipal Trust has decreased its dividend by an average of 14.1% annually over the last three years.

MFS High Income Municipal Trust Trading Up 0.6 %

Shares of MFS High Income Municipal Trust stock traded up $0.02 on Friday, hitting $3.59. 111,344 shares of the company were exchanged, compared to its average volume of 57,263. The company has a 50-day moving average price of $3.56 and a 200 day moving average price of $3.47. MFS High Income Municipal Trust has a 1-year low of $2.95 and a 1-year high of $3.67.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.