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

Key Points

• MFS High Income Municipal Trust (NYSE:CMU) declared a monthly dividend of $0.0165 per share payable on March 31 to shareholders of record March 17 (ex-dividend date March 17), implying an annualized yield of about 5.5%.
• The trust is a closed-end fund that primarily invests in high-yield, non-investment-grade municipal bonds aiming to deliver tax-exempt income and capital appreciation through credit analysis and sector allocation.
• CMU shares trade around $3.61 (50-day MA $3.57, 200-day MA $3.50) with a one-year range of $3.18–$3.69, and institutional investors own roughly 32.4% of the company after recent modest purchases by firms like Wells Fargo and Nomura.

Mfs Hi Yld (NYSE:CMU - Get Free Report) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.0165 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Tuesday, March 17th.

Mfs Hi Yld Stock Performance

Mfs Hi Yld stock opened at $3.61 on Friday. The firm has a 50-day moving average of $3.57 and a 200-day moving average of $3.50. Mfs Hi Yld has a one year low of $3.18 and a one year high of $3.69.

Institutional Trading of Mfs Hi Yld

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in Mfs Hi Yld by 46.8% in the fourth quarter. Wells Fargo & Company MN now owns 9,609 shares of the company's stock valued at $34,000 after purchasing an additional 3,063 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Mfs Hi Yld during the 3rd quarter worth approximately $35,000. International Assets Investment Management LLC bought a new stake in shares of Mfs Hi Yld during the 3rd quarter worth approximately $44,000. Closed End Fund Advisors Inc. acquired a new stake in shares of Mfs Hi Yld in the 4th quarter valued at approximately $46,000. Finally, Spirepoint Private Client LLC acquired a new stake in shares of Mfs Hi Yld in the 3rd quarter valued at approximately $56,000. Institutional investors own 32.39% of the company's stock.

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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