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In a challenging economic climate, MFS High Income Municipal Trust (NYSE: CXE) stock has reached a 52-week low, dipping to $3.44. The $111.6 million market cap fund, known for maintaining dividend payments for 37 consecutive years, currently offers an attractive 5.42% dividend yield. This latest price movement reflects a broader trend of investor caution, with a year-to-date decline of 2.54%. The 52-week low signifies a critical juncture for CXE, as market participants weigh the fund's performance against a backdrop of fluctuating interest rates and municipal bond market dynamics. With a beta of 0.66 and P/E ratio of 7.1, the fund has demonstrated relatively low volatility compared to the broader market. InvestingPro analysis reveals several additional key metrics and insights about CXE's market position. Investors are closely monitoring the stock for signs of a turnaround or further decline as it navigates through these turbulent market waters.
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