MFS High Income Municipal Trust (CXE) to Issue Monthly Dividend of $0.02 on March 31st

MFS High Income Municipal Trust (NYSE:CXE) declared a monthly dividend on Monday, March 2nd. Investors of record on Tuesday, March 17th will be paid a dividend of 0.018 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, March 17th.

MFS High Income Municipal Trust Stock Up 0.9%

CXE stock opened at $3.84 on Friday. MFS High Income Municipal Trust has a 12-month low of $3.38 and a 12-month high of $3.88. The stock’s 50 day simple moving average is $3.79 and its 200 day simple moving average is $3.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CXE. NewEdge Advisors LLC purchased a new stake in shares of MFS High Income Municipal Trust during the first quarter valued at $84,000. Allworth Financial LP purchased a new position in MFS High Income Municipal Trust in the 2nd quarter worth about $47,000. Cetera Investment Advisers raised its position in MFS High Income Municipal Trust by 47.2% in the 2nd quarter. Cetera Investment Advisers now owns 18,412 shares of the company’s stock worth $66,000 after buying an additional 5,903 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in MFS High Income Municipal Trust by 29.5% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 121,587 shares of the company’s stock valued at $435,000 after acquiring an additional 27,708 shares during the period. Finally, Whitebox Advisors LLC lifted its stake in MFS High Income Municipal Trust by 7.4% during the 2nd quarter. Whitebox Advisors LLC now owns 483,300 shares of the company’s stock valued at $1,730,000 after acquiring an additional 33,258 shares during the period. 34.37% of the stock is owned by institutional investors.

About MFS High Income Municipal Trust

MFS High Income Municipal Trust (NYSE: CXE) is a diversified, closed-end management investment company that seeks to provide shareholders with high current income exempt from regular federal income tax. The fund achieves this objective by investing primarily in a portfolio of municipal obligations, which may include general obligation bonds, revenue bonds and other municipal securities issued by state and local governments throughout the United States.

The trust focuses on both investment-grade and below-investment-grade municipal securities, aiming to capture wider spreads in the high-yield segment of the municipal bond market.