MFS High Income Municipal Trust
CXEStock · monthly payer
Forward Yield
6.73%
Annual Dividend
$0.21
Payout Ratio
—
5-Yr Growth
-3.2%
Ex-Date
—
Frequency
Monthly
Summary
As of July 2026, MFS High Income Municipal Trust (CXE) yields 6.73% ($0.21 per share annually), with a blended fair-value estimate of $3.07 — -16% downside, so it screens as overvalued. Dividend safety grade: C (63/100). 2 years of dividend growth.
Is CXE a good dividend stock?
Yes, with caveatsMFS High Income Municipal Trust (CXE) pays a monthly dividend yielding 6.73% ($0.21/yr), with 2 years of growth and a dividend-safety grade of C. 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
Key Data
- Dividend Yield
- 6.73%
- Payout Ratio
- —
- Annual Dividend
- $0.21
- 5-Yr Avg Growth
- -3.2%
- Ex-Dividend Date
- —
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.76
- Market Cap
- $115.1M
- P/E Ratio
- 365.0
- 5-Yr Total Return
- —
- 52-Week Range
- $3.40 – $4.10
- Dividend Safety
- C · 63/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
CXE Price — Last 12 Months
Daily close
Price Return
1 Year
—
3 Years
—
5 Years
—
52-Week Range
$3.40 – $4.10
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CXE worth?
Overvaluedlow confidenceOur blended fair-value estimate for MFS High Income Municipal Trust is $3.07 per share, versus a market price of $3.65. That implies 16% of downside.
Fair Value
$3.07
Current Price
$3.65
Downside
-16%
Margin of Safety
-19%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 10.3% annual free-cash-flow growth. We model -3.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.1% discount rate (CAPM), -3.0% stage-1 growth, 2.5% terminal growth, $0.01 EPS, $0.21 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CXE Dividend Safety Score
Borderline
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 | — | $0.0330 | regular |
| May 21, 2026 | — | $0.0325 | regular |
| May 19, 2026 | — | $0.0180 | regular |
| Apr 14, 2026 | — | $0.0180 | regular |
| Mar 17, 2026 | — | $0.0180 | regular |
| Feb 17, 2026 | — | $0.0180 | regular |
| Jan 20, 2026 | — | $0.0180 | regular |
| Dec 16, 2025 | — | $0.0180 | regular |
| Nov 18, 2025 | — | $0.0180 | regular |
| Oct 14, 2025 | — | $0.0180 | regular |
| Sep 16, 2025 | — | $0.0180 | regular |
| Aug 19, 2025 | — | $0.0180 | regular |
| Jul 15, 2025 | — | $0.0180 | regular |
| Jun 17, 2025 | — | $0.0180 | regular |
Income Calculator
At $0.21 / yr per share
