|Bid||5.20 x 1200|
|Ask||5.22 x 4000|
|Day's Range||5.20 - 5.24|
|52 Week Range||4.53 - 5.33|
|Beta (3Y Monthly)||0.11|
|PE Ratio (TTM)||36.62|
|Forward Dividend & Yield||0.25 (4.70%)|
|1y Target Est||N/A|
MFS Investment Management® announced today monthly distributions of the following closed-end funds, all with declaration dates of May 1, 2019, ex-dividend dates of May 14, 2
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MFS High Income Municipal Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
According to research from Exxon Mobil (NYSE:XOM), energy demand is expected to increase by 25% during the next 22 years. The biggest source of the growth will come from the emerging markets. XOM stock also plans to increase its capital spending in the coming years to capitalize on the growth opportunities.
Even with the recent turbulence in the markets, the valuations still remain relatively high — and this makes it tough to find high yields. But there are certainly opportunities. Interestingly enough, one is with tax-free dividend stocks.
MFS Municipal Income Trust (MFM), MFS Investment Grade Municipal Trust (CXH), MFS California Municipal Fund (NYSE MKT: CCA), MFS High Income Municipal Trust (CXE), and MFS High Yield Municipal Trust (CMU) today announced that each fund has extended the term of its existing variable rate municipal term preferred shares (VMTP shares). Each fund's VMTP shares previously had a term redemption date of April 1, 2019, which has in each case been extended to October 31, 2021. This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within The Private Securities Litigation Reform Act of 1995.
Moody's Investors Service ("Moody's") has affirmed the ratings of Variable Rate Municipal Term Preferred Shares (VMTP Shares) issued by five closed-end funds advised by MFS Investment Management, as listed below. The affirmation of the ratings coincides with the Funds' expected maturity extension by approximately 30 months.