SmarterDividends
CMU

MFS High Yield Municipal Trust

CMU

Stock · monthly payer

$3.36

Fairly valued · -7% Add to Portfolio

Forward Yield

15.10%

Annual Dividend

$0.19

Payout Ratio

—

5-Yr Growth

-2.9%

Ex-Date

—

Frequency

Monthly

Key facts about CMU's dividend

Data as of · Source: SmarterDividends data

  • As of Aug 8, 2026, MFS High Yield Municipal Trust (CMU) has a forward dividend yield of 15.10%, based on an annual dividend of $0.19 per share and a share price of $3.36.
  • As of Aug 8, 2026, CMU's dividend safety grade from SmarterDividends is B (66 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, MFS High Yield Municipal Trust (CMU) has raised its dividend for 2 consecutive years as of Aug 8, 2026.
  • CMU last cut its regular dividend in 2023.
  • CMU's most recent ex-dividend date was May 21, 2026, for a dividend of $0.0860 per share.
  • CMU's dividend has shrunk at an average rate of 2.9% a year over the past five years.
  • As of Aug 8, 2026, SmarterDividends' blended fair-value estimate for CMU is $3.11 per share, 7% below the $3.36 share price, so CMU screens as fairly valued.
  • MFS High Yield Municipal Trust (CMU) pays its dividend monthly, 12 times a year.
Cite this page

SmarterDividends, "CMU Dividend: Yield, Safety Grade & Next Ex-Date," updated Aug 8, 2026, https://smarterdividends.com/stocks/CMU

Summary

As of Aug 8, 2026, MFS High Yield Municipal Trust (CMU) yields 15.10% ($0.19 a year per share), has a dividend safety grade of B (66/100) and has 2 consecutive years of dividend increases on record.

Is CMU a good dividend stock?

Yes, with caveats

MFS 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)
    CMU ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →CMU dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is CMU a good dividend stock?

    Yes, with caveats. MFS 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.

    Is CMU undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CMU's fair value is about $3.11 versus a $3.36 share price — so it looks fairly valued (-7% vs. fair value).

    Is CMU's dividend safe?

    CMU has a dividend-safety grade of B (66/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is CMU's fair value?

    Our blended fair-value estimate for CMU is about $3.11 per share, about 7% below the current $3.36 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is CMU a buy, hold, or sell?

    We don't issue formal ratings, but on the data CMU screens as "yes, with caveats" and fairly valued. MFS 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. This is research for your own analysis, not investment advice.

    Will CMU cut its dividend?

    CMU earns a dividend-safety grade of B (66/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does CMU pay a dividend?

    Yes. MFS High Yield Municipal Trust pays a monthly dividend of about $0.19 per share annually, a forward yield of roughly 15.10%.

    What is CMU's dividend yield?

    As of Aug 8, 2026, CMU's forward dividend yield is 15.10%, based on a $0.19 annual dividend and a $3.36 share price.

    What is CMU's dividend per share?

    As of Aug 8, 2026, CMU pays $0.19 per share per year, distributed on a monthly basis.

    How many years has CMU grown its dividend?

    As of Aug 8, 2026, CMU has increased its dividend for 2 consecutive years.

    When is the next CMU ex-dividend date?

    As of Aug 8, 2026, CMU's next ex-dividend date hasn't been announced. The most recent was May 21, 2026, for $0.0860 per share.

    Income Calculator

    At $0.19 / yr per share

    Per payment (monthly)$1.56
    Annual$18.70
    Monthly avg$1.56

    Similar Dividend Stocks

    ETETEnergy Transfer LP6.65%SUNSUNSunoco LP5.17%DDSDDSDillard's, Inc.4.76%SUNCSUNCSunocoCorp LLC3.94%

    Compare CMU

    CMU vs ETCMU vs SUNCMU vs DDSCMU vs SUNC

    Explore more

    Lists and tools related to CMU