MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) announced a dividend on Thursday, February 1st, NASDAQ reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.0125 per share on Thursday, February 29th. The ex-dividend date is Tuesday, February 13th.
MFS High Yield Municipal Trust Price Performance
MFS High Yield Municipal Trust stock traded down $0.02 during midday trading on Friday, hitting $3.30. 60,227 shares of the stock were exchanged, compared to its average volume of 61,532. The stock’s 50-day simple moving average is $3.27 and its 200 day simple moving average is $3.19. MFS High Yield Municipal Trust has a fifty-two week low of $2.78 and a fifty-two week high of $3.38.
Insider Transactions at MFS High Yield Municipal Trust
In related news, major shareholder Saba Capital Management, L.P. bought 10,448 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $2.98 per share, with a total value of $31,135.04. Following the completion of the transaction, the insider now directly owns 3,329,132 shares of the company’s stock, valued at approximately $9,920,813.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional Investors Weigh In On MFS High Yield Municipal Trust
MFS High Yield Municipal Trust Company Profile
MFS High Yield Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.
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