MFS High Yield Municipal Trust Announces Monthly Dividend of $0.01 (NYSE:CMU)

MFS High Yield Municipal Trust (NYSE:CMU) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Wednesday, April 17th will be given a dividend of 0.0135 per share on Tuesday, April 30th. This represents a $0.16 annualized dividend and a yield of 4.97%. The ex-dividend date is Tuesday, April 16th.

MFS High Yield Municipal Trust Price Performance

Shares of NYSE:CMU opened at $3.26 on Monday. The stock’s 50 day moving average is $3.30 and its 200-day moving average is $3.20. MFS High Yield Municipal Trust has a twelve month low of $2.78 and a twelve month high of $3.38.

Hedge Funds Weigh In On MFS High Yield Municipal Trust

Several large investors have recently added to or reduced their stakes in CMU. XTX Topco Ltd bought a new position in shares of MFS High Yield Municipal Trust in the first quarter valued at approximately $33,000. Guggenheim Capital LLC bought a new position in shares of MFS High Yield Municipal Trust during the first quarter valued at about $35,000. Pathstone Holdings LLC purchased a new position in MFS High Yield Municipal Trust during the fourth quarter worth about $41,000. Bank of New York Mellon Corp bought a new stake in MFS High Yield Municipal Trust in the 2nd quarter worth about $43,000. Finally, Cetera Advisor Networks LLC purchased a new stake in MFS High Yield Municipal Trust in the 4th quarter valued at about $45,000. Institutional investors own 32.39% of the company’s stock.

About MFS High Yield Municipal Trust

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.