Cash Dividend On The Way From MFS High Income Municipal Fund (CXE)

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.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

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:

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 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:

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 $5.83 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.

More from Stocks

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Abiomed Stock Should Rise Some 12% From Here, Piper Jaffray Analyst Says

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: Here Is Why Carvana Isn't Worried About Amazon

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat