CCA Ex-Dividend Reminder - 2/18/14

Looking at the universe of stocks we cover at Dividend Channel, on 2/18/14, MFS California Municipal Fund (CCA) will trade ex-dividend, for its monthly dividend of $0.053, payable on 2/28/14. As a percentage of CCA's recent stock price of $10.55, this dividend works out to approximately 0.50%.

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Below is a dividend history chart for CCA, showing historical dividends prior to the most recent $0.053 declared by MFS California Municipal Fund:

CCA+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 CCA is likely to continue, and whether the current estimated yield of 6.03% 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:

MFS California Municipal Fund 200 Day Moving Average Chart

Looking at the chart above, CCA's low point in its 52 week range is $9.56 per share, with $12.38 as the 52 week high point — that compares with a last trade of $10.55.

In Friday trading, MFS California Municipal Fund shares are currently up about 0.5% on the day.

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