Mfs Hi Yld (NYSE:CMU) to Issue Dividend Increase – $0.02 Per Share

Mfs Hi Yld (NYSE:CMUGet Free Report) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.0165 per share on Thursday, July 31st. This represents a $0.20 annualized dividend and a dividend yield of 6.03%. The ex-dividend date is Tuesday, July 15th. This is a 6.5% increase from Mfs Hi Yld’s previous monthly dividend of $0.02.

Mfs Hi Yld Stock Performance

NYSE:CMU opened at $3.29 on Friday. The firm’s 50-day moving average is $3.35 and its 200-day moving average is $3.44. Mfs Hi Yld has a 52-week low of $3.18 and a 52-week high of $3.70.

About Mfs Hi Yld

(Get Free Report)

MFS High Yield Municipal Trust 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 tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

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Dividend History for Mfs Hi Yld (NYSE:CMU)

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