Looking at the universe of stocks we cover at Dividend Channel, on 5/14/13, MFS California Municipal Fund (CCA) will trade ex-dividend, for its monthly dividend of $0.05, payable on 5/31/13. As a percentage of CCA's recent stock price of $12.05, this dividend works out to approximately 0.41%.
Below is a dividend history chart for CCA, showing historical dividends prior to the most recent $0.05 declared by MFS California Municipal Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CCA is likely to continue, and whether the current estimated yield of 4.98% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CCA shares, versus its 200 day moving average:Looking at the chart above, CCA's low point in its 52 week range is $11.37 per share, with $12.77 as the 52 week high point — that compares with a last trade of $12.05.
In Friday trading, MFS California Municipal Fund shares are currently down about 0.6% on the day.