Dividend Worth Watching: Colonial High Income Municipal Trust (NYSE:CXE) advises to “Mark your calendars” for Oct 31, 2016; dividends expected to reach $0.02.

Dividend Worth Watching: Colonial High Income Municipal Trust (NYSE:CXE) advises to

Colonial High Income Municipal Trust (NYSE:CXE) is expected to pay $0.02 on Oct 31, 2016. The indicated annual dividend is $0.30. Shareholders owning the stock before Oct 18, 2016 will be eligible to receive the payout. Based on Colonial High Income Municipal Trust’s current price of $5.13, the dividend is 0.47%. This dividend’s record date is Oct 20, 2016 and the announcement date is Oct 4, 2016. The stock decreased 1.91% or $0.1 on October 14, hitting $5.13. MFS High Income Municipal Trust (NYSE:CXE) has declined 0.19% since March 14, 2016 and is downtrending. It has underperformed by 5.81% the S&P500.

MFS High Income Municipal Trust is a diversified closed-end management investment company. The company has a market cap of $158.52 million. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. It currently has negative earnings. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in tax-exempt bonds and tax exempt notes.

Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.78, from 1.45 in 2016Q1. The ratio dived, as 6 funds sold all MFS High Income Municipal Trust shares owned while 9 reduced positions. 3 funds bought stakes while 7 increased positions. They now own 2.57 million shares or 15.89% more from 2.22 million shares in 2016Q1.
Raymond James Na has invested 0.01% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE). Raymond James Serv Advsr holds 0% or 72,225 shares in its portfolio. Commonwealth Equity Svcs, a Massachusetts-based fund reported 13,114 shares. Magnetar Financial Lc has 0% invested in the company for 16,419 shares. Horizon Kinetics Limited Liability, a New York-based fund reported 16,762 shares. Advsr Asset Mngmt holds 643,684 shares or 0.06% of its portfolio. Patten Group Inc Inc holds 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE) for 3 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Gemmer Asset Mgmt Limited Company, a California-based fund reported 800 shares. Kcg Holdings holds 12,493 shares or 0% of its portfolio. Wells Fargo Mn has invested 0% of its portfolio in MFS High Income Municipal Trust (NYSE:CXE). Ameriprise accumulated 41,790 shares or 0% of the stock. Moreover, Fifth Third Fincl Bank has 0% invested in MFS High Income Municipal Trust (NYSE:CXE) for 581 shares. Stifel Fincl accumulated 10,695 shares or 0% of the stock. Robinson Management Ltd Liability accumulated 430,741 shares or 1.37% of the stock.

More notable recent MFS High Income Municipal Trust (NYSE:CXE) news were published by: Marketwatch.com which released: “MFS High Income Municipal Trust” on December 22, 2009, also Businesswire.com with their article: “Fitch Rates VMTP Shares Issued by 5 MFS Municipal Closed-End Funds ‘AAA'” published on March 24, 2016, Marketwatch.com published: “MFS Municipal Income Trust” on February 19, 2011. More interesting news about MFS High Income Municipal Trust (NYSE:CXE) were released by: Seekingalpha.com and their article: “Tax-Free Income From Municipal-Bond CEFs: A Closer Look” published on August 26, 2015 as well as Thestreet.com‘s news article titled: “Four Closed-End Funds to Feel Good About Even if Rates Rise” with publication date: October 10, 2016.

CXE Company Profile

MFS High Income Municipal Trust (the Trust), formerly Colonial High Income Municipal Trust, is a diversified closed-end management investment company. The Trust seeks to provide high current income generally exempt from federal income taxes. MFS High Income Municipal Trust’s secondary objective is to seek total return. The Trust’s portfolio includes municipal bonds, municipal preferred stocks and short-term obligations.

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