MFS High Income Municipal Fund About To Put More Money In Your Pocket (CXE)

Looking at the universe of stocks we cover at Dividend Channel, on 11/12/13, MFS High Income Municipal Fund (CXE) will trade ex-dividend, for its monthly dividend of $0.027, payable on 11/29/13. As a percentage of CXE's recent stock price of $4.48, this dividend works out to approximately 0.60%, so look for shares of MFS High Income Municipal Fund to trade 0.60% lower — all else being equal — when CXE shares open for trading on 11/12/13.

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Below is a dividend history chart for CXE, showing historical dividends prior to the most recent $0.027 declared by MFS High Income Municipal Fund:

CXE+Dividend+History+Chart

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 7.23% 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:

MFS High Income Municipal Fund 200 Day Moving Average Chart

Looking at the chart above, CXE's low point in its 52 week range is $4.28 per share, with $5.90 as the 52 week high point — that compares with a last trade of $4.48.

In Friday trading, MFS High Income Municipal Fund shares are currently off about 1.1% on the day.

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