Mfs Hi Yld (NYSE:CMU – Get Free Report) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.0165 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, January 20th.
Mfs Hi Yld Stock Performance
CMU opened at $3.54 on Friday. The business has a 50 day moving average price of $3.50 and a 200 day moving average price of $3.42. Mfs Hi Yld has a twelve month low of $3.18 and a twelve month high of $3.63.
Mfs Hi Yld Company Profile
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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