MFS High Yield Municipal Trust
CMUStock · monthly payer
Forward Yield
15.10%
Annual Dividend
$0.19
Payout Ratio
—
5-Yr Growth
-2.9%
Ex-Date
—
Frequency
Monthly
Summary
As of September 2026, MFS High Yield Municipal Trust (CMU) yields 15.10% ($0.19 per share annually), with a blended fair-value estimate of $3.11 — -7% downside, so it screens as fairly valued. Dividend safety grade: B (66/100). 2 years of dividend growth.
Is CMU a good dividend stock?
Yes, with caveatsMFS High Yield Municipal Trust (CMU) pays a monthly dividend yielding 15.10% ($0.19/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2023
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 15.10%
- Payout Ratio
- —
- Annual Dividend
- $0.19
- 5-Yr Avg Growth
- -2.9%
- Ex-Dividend Date
- —
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.65
- Market Cap
- $85.7M
- P/E Ratio
- —
- 5-Yr Total Return
- —
- 52-Week Range
- —
- Dividend Safety
- B · 66/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CMU Price — Last 12 Months
Daily close
Price Return
1 Year
—
3 Years
—
5 Years
—
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CMU worth?
Fairly valuedlow confidenceOur blended fair-value estimate for MFS High Yield Municipal Trust is $3.11 per share, versus a market price of $3.36. That implies the stock is roughly fairly priced.
Fair Value
$3.11
Current Price
$3.36
Gap
-7%
Margin of Safety
-8%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 7.5% discount rate (CAPM), -2.3% stage-1 growth, 2.5% terminal growth, $0.00 EPS, $0.19 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CMU Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 21, 2026 | — | $0.0860 | regular |
| May 21, 2026 | — | $0.0863 | regular |
| May 19, 2026 | — | $0.0170 | regular |
| May 19, 2026 | — | $0.0165 | regular |
| Apr 14, 2026 | — | $0.0170 | regular |
| Apr 14, 2026 | — | $0.0165 | regular |
| Mar 17, 2026 | — | $0.0170 | regular |
| Mar 17, 2026 | — | $0.0165 | regular |
| Feb 17, 2026 | — | $0.0170 | regular |
| Feb 17, 2026 | — | $0.0165 | regular |
| Jan 20, 2026 | — | $0.0170 | regular |
| Jan 20, 2026 | — | $0.0165 | regular |
| Dec 16, 2025 | — | $0.0170 | regular |
| Dec 16, 2025 | — | $0.0165 | regular |
Income Calculator
At $0.19 / yr per share
