Ex-Div Reminder For MFS High Yield Municipal Fund (CMU)

Looking at the universe of stocks we cover at Dividend Channel, on 2/18/14, MFS High Yield Municipal Fund ( CMU) will trade ex-dividend, for its monthly dividend of $0.025, payable on 2/28/14. As a percentage of CMU's recent stock price of $4.46, this dividend works out to approximately 0.56%, so look for shares of MFS High Yield Municipal Fund to trade 0.56% lower — all else being equal — when CMU shares open for trading on 2/18/14.

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Below is a dividend history chart for CMU, showing historical dividends prior to the most recent $0.025 declared by MFS High Yield Municipal Fund:

CMU+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 CMU is likely to continue, and whether the current estimated yield of 6.73% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CMU shares, versus its 200 day moving average:

MFS High Yield Municipal Fund 200 Day Moving Average Chart

Looking at the chart above, CMU's low point in its 52 week range is $3.89 per share, with $5.25 as the 52 week high point — that compares with a last trade of $4.46.

In Friday trading, MFS High Yield Municipal Fund shares are currently trading flat on the day.

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