MFS High Yield Municipal Trust (NYSE:CMU) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Wednesday, January 17th will be given a dividend of 0.0215 per share on Wednesday, January 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date is Tuesday, January 16th.

MFS High Yield Municipal Trust has raised its dividend payment by an average of 0.5% per year over the last three years.

MFS High Yield Municipal Trust (NYSE:CMU) traded up $0.01 on Wednesday, hitting $4.65. 40,892 shares of the company were exchanged, compared to its average volume of 52,750. MFS High Yield Municipal Trust has a one year low of $4.46 and a one year high of $4.89.

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About MFS High Yield Municipal Trust

MFS High Yield Municipal Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, over 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax-exempt notes.

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