Looking at the universe of stocks we cover at Dividend Channel, on 1/14/14, MFS High Income Municipal Fund (CXE) will trade ex-dividend, for its monthly dividend of $0.026, payable on 1/31/14. As a percentage of CXE's recent stock price of $4.60, this dividend works out to approximately 0.57%, so look for shares of MFS High Income Municipal Fund to trade 0.57% lower — all else being equal — when CXE shares open for trading on 1/14/14.
Below is a dividend history chart for CXE, showing historical dividends prior to the most recent $0.026 declared by MFS High Income 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 CXE is likely to continue, and whether the current estimated yield of 6.78% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CXE shares, versus its 200 day moving average:Looking at the chart above, CXE's low point in its 52 week range is $4.28 per share, with $5.83 as the 52 week high point — that compares with a last trade of $4.61.
In Friday trading, MFS High Income Municipal Fund shares are currently up about 0.4% on the day.