Mfs Hi Yld (NYSE:CMU) Declares Monthly Dividend of $0.02

Key Points

• Mfs Hi Yld (NYSE:CMU) has declared a monthly dividend of $0.02 per share, with the payment date set for August 29th for stockholders of record as of August 19th.
• The dividend yield for Mfs Hi Yld is reported at 6.0%, reflecting the fund's commitment to its investors.
• Mfs Hi Yld primarily invests in tax-exempt bonds and has a twelve-month trading range between $3.18 and $3.70.

Mfs Hi Yld (NYSE:CMU - Get Free Report) announced a monthly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Tuesday, August 19th will be paid a dividend of 0.0165 per share on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, August 19th.

Mfs Hi Yld Price Performance

Shares of NYSE CMU traded up $0.02 during midday trading on Monday, hitting $3.32. 61,491 shares of the company's stock were exchanged, compared to its average volume of 69,120. Mfs Hi Yld has a twelve month low of $3.18 and a twelve month high of $3.70. The firm's fifty day simple moving average is $3.31 and its 200-day simple moving average is $3.41.

Mfs Hi Yld Company Profile

MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

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