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

Mfs Hi Yld (NYSE:CMU) declared a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 17th will be given a dividend of 0.0165 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, February 17th.

Mfs Hi Yld Stock Up 1.0%

CMU stock traded up $0.04 during midday trading on Tuesday, hitting $3.57. The stock had a trading volume of 83,919 shares, compared to its average volume of 58,913. Mfs Hi Yld has a 52 week low of $3.18 and a 52 week high of $3.63. The stock has a 50-day simple moving average of $3.51 and a 200 day simple moving average of $3.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Almitas Capital LLC raised its holdings in Mfs Hi Yld by 131.3% in the third quarter. Almitas Capital LLC now owns 1,507,168 shares of the company’s stock worth $5,230,000 after purchasing an additional 855,533 shares during the period. Bulldog Investors LLP lifted its position in shares of Mfs Hi Yld by 12.1% in the third quarter. Bulldog Investors LLP now owns 2,994,960 shares of the company’s stock worth $10,393,000 after purchasing an additional 323,923 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of Mfs Hi Yld by 55.8% in the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 550,525 shares of the company’s stock valued at $1,833,000 after acquiring an additional 197,220 shares in the last quarter. City of London Investment Management Co. Ltd. grew its stake in Mfs Hi Yld by 11.9% in the third quarter. City of London Investment Management Co. Ltd. now owns 518,249 shares of the company’s stock valued at $1,798,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Mfs Hi Yld by 55.5% during the third quarter. Bank of America Corp DE now owns 147,588 shares of the company’s stock worth $512,000 after buying an additional 52,695 shares during the last quarter. 32.39% of the stock is currently owned by institutional investors.

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.