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

Key Points

• Monthly dividend of $0.0165 per share declared for MFS Hi Yld (NYSE:CMU), payable April 30 to shareholders of record April 14 (ex-dividend date April 14), implying an annualized 5.4% yield.
• Shares opened at $3.64 and trade in a 52-week range of $3.18–$3.69, with 50- and 200-day moving averages near $3.59 and $3.53 respectively.
• Closed-end fund MFS High Income Municipal Trust focuses on high-yield, lower-rated municipal bonds to deliver tax-exempt income and potential capital appreciation.

Mfs Hi Yld (NYSE:CMU - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Tuesday, April 14th will be given a dividend of 0.0165 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, April 14th.

Mfs Hi Yld Price Performance

NYSE:CMU opened at $3.64 on Friday. Mfs Hi Yld has a 52 week low of $3.18 and a 52 week high of $3.69. The firm has a 50 day moving average of $3.59 and a 200 day moving average of $3.53.

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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