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 Down 0.3%
Shares of Mfs Hi Yld stock opened at $3.61 on Friday. The business has a fifty day simple moving average of $3.57 and a 200-day simple moving average of $3.50. Mfs Hi Yld has a 12 month low of $3.18 and a 12 month high of $3.69.
Mfs Hi Yld Company Profile
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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