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

Key Points

• Mfs Hi Yld (NYSE:CMU) has declared a monthly dividend of $0.02, payable to shareholders of record on September 16th, with an ex-dividend date also on September 16th.
• The annualized dividend yield amounts to 6.0%, based on the declared dividend.
• As of the latest trading session, Mfs Hi Yld's stock price reached $3.29, with a one-year trading range between $3.18 and $3.70.

Mfs Hi Yld (NYSE:CMU - Get Free Report) declared a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.0165 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 16th.

Mfs Hi Yld Price Performance

NYSE CMU traded up $0.01 on Wednesday, reaching $3.29. 114,767 shares of the stock were exchanged, compared to its average volume of 68,752. Mfs Hi Yld has a one year low of $3.18 and a one year high of $3.70. The company's 50-day simple moving average is $3.29 and its two-hundred day simple moving average is $3.38.

About Mfs Hi Yld

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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