MFS High Yield Municipal Fund About To Put More Money In Your Pocket (CMU)

Looking at the universe of stocks we cover at Dividend Channel, on 6/16/15, MFS High Yield Municipal Fund (CMU) will trade ex-dividend, for its monthly dividend of $0.023, payable on 6/30/15. As a percentage of CMU's recent stock price of $4.19, this dividend works out to approximately 0.55%, so look for shares of MFS High Yield Municipal Fund to trade 0.55% lower — all else being equal — when CMU shares open for trading on 6/16/15.

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Below is a dividend history chart for CMU, showing historical dividends prior to the most recent $0.023 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 6.59% 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 $4.14 per share, with $4.72 as the 52 week high point — that compares with a last trade of $4.20.

In Friday trading, MFS High Yield Municipal Fund shares are currently up about 0.2% on the day.

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