MFS High Income Municipal Trust (NYSE:CXE - Get Free Report) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be paid a dividend of 0.018 per share on Thursday, July 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Tuesday, July 15th. This is a 5.9% increase from MFS High Income Municipal Trust's previous monthly dividend of $0.02.
MFS High Income Municipal Trust Stock Up 0.3%
Shares of NYSE:CXE traded up $0.01 during midday trading on Friday, reaching $3.59. The company had a trading volume of 38,499 shares, compared to its average volume of 78,090. The stock's fifty day moving average price is $3.54 and its 200-day moving average price is $3.63. MFS High Income Municipal Trust has a one year low of $3.38 and a one year high of $4.03.
Institutional Trading of MFS High Income Municipal Trust
An institutional investor recently bought a new position in MFS High Income Municipal Trust stock. NewEdge Advisors LLC purchased a new position in MFS High Income Municipal Trust (NYSE:CXE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,700 shares of the company's stock, valued at approximately $84,000. NewEdge Advisors LLC owned about 0.06% of MFS High Income Municipal Trust at the end of the most recent quarter. 34.37% of the stock is currently owned by institutional investors.
MFS High Income Municipal Trust Company Profile
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MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets. It primarily invests in municipal bonds and local general obligations of various sectors, such as multifamily, hospitals, care retirement, and investor-owned utilities.
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