MFS California Municipal Fund (NYSEAMERICAN:CCA) had its price target upped by BMO Capital Markets from $95.00 to $100.00 in a report published on Friday, BenzingaRatingsTable reports. The firm currently has a market perform rating on the stock.
CCA has been the topic of several other reports. Royal Bank of Canada reiterated a hold rating on shares of Rogers Communications in a research note on Tuesday, April 9th. Desjardins reiterated an average rating and issued a $90.00 price objective on shares of MFS California Municipal Fund in a research note on Friday, April 5th.
Shares of NYSEAMERICAN CCA opened at $11.85 on Friday. MFS California Municipal Fund has a 12-month low of $9.75 and a 12-month high of $12.10.
The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th were paid a $0.0335 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Tuesday, June 18th.
About MFS California Municipal Fund
MFS California Municipal Fund 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 debt securities the interest on which in the opinion of issuer counsel is exempt from federal regular income tax and California personal income tax.
Further Reading: Are all No-Load Funds Equal?
Receive News & Ratings for MFS California Municipal Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS California Municipal Fund and related companies with MarketBeat.com's FREE daily email newsletter.