MFS California Municipal Fund (MFS California Municipal Fund) Dividend Payout Ratio : 0.22 (As of May. 2019)

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What is MFS California Municipal Fund Dividend Payout Ratio?

MFS California Municipal Fund's dividend payout ratio for the months ended in May. 2019 was 0.22.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MFS California Municipal Fund is 9.10, which seems too high.

The historical rank and industry rank for MFS California Municipal Fund's Dividend Payout Ratio or its related term are showing as below:

CCA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0 Med: 0.58 Max: 9.1
Current: 0.39

During the past 9 years, the highest Dividend Payout Ratio of MFS California Municipal Fund was 9.10. The lowest was 0.00. And the median was 0.58.

CCA's Dividend Payout Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.82 vs CCA: 0.39

As of today (2024-04-26), the Dividend Yield % of MFS California Municipal Fund is 3.24%.

During the past 9 years, the highest Trailing Annual Dividend Yield of MFS California Municipal Fund was 8.52%. The lowest was 3.15%. And the median was 5.83%.

MFS California Municipal Fund's Dividends per Share for the months ended in May. 2019 was $0.21.

During the past 12 months, MFS California Municipal Fund's average Dividends Per Share Growth Rate was -24.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -15.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -10.50% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of MFS California Municipal Fund was -4.20% per year. The lowest was -15.80% per year. And the median was -7.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

MFS California Municipal Fund Dividend Payout Ratio Historical Data

The historical data trend for MFS California Municipal Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MFS California Municipal Fund Dividend Payout Ratio Chart

MFS California Municipal Fund Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Dividend Payout Ratio

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0.34

0.88

0.39

MFS California Municipal Fund Semi-Annual Data
	May10	Nov10	May11	Nov11	May12	Nov12	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19
Dividend Payout Ratio	Get a 7-Day Free Trial													0.28	1.28	4.10	-	0.22

Competitive Comparison of MFS California Municipal Fund's Dividend Payout Ratio

For the Asset Management subindustry, MFS California Municipal Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MFS California Municipal Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, MFS California Municipal Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where MFS California Municipal Fund's Dividend Payout Ratio falls into.

MFS California Municipal Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

MFS California Municipal Fund's Dividend Payout Ratio for the fiscal year that ended in Nov. 2018 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2018 )	/	EPS without NRI (A: Nov. 2018 )
	=	0.468	/	-0.09
	=	N/A

MFS California Municipal Fund's Dividend Payout Ratio for the quarter that ended in May. 2019 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: May. 2019 )	/	EPS without NRI (Q: May. 2019 )
	=	0.205	/	0.95
	=	0.22

MFS California Municipal Fund (AMEX:CCA) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

MFS California Municipal Fund Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of MFS California Municipal Fund's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

MFS California Municipal Fund (MFS California Municipal Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MFS California Municipal Fund (AMEX:CCA) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Huntington Avenue, Boston, MA, USA, 02199

Website

http://www.mfs.com

MFS California Municipal Fund is a closed-end fund. The fund's investment objective is to seek high current income exempt from federal income tax and California personal income tax as well as capital appreciation. It offers a dividend reinvestment and cash purchase plan that allows common shareholders to reinvest either all the distributions paid by the fund or only the long-term capital gains. The fund invests majority of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in debt securities the interest on which in the opinion of issuer counsel is exempt from federal regular income tax and California personal income tax. It invests the fund's assets primarily in municipal instruments.

Executives

Jacques Jr Goulet	other: OFFICER OF THE ADVISOR	111 HUNTINGTON AVENUE, BOSTON MA 02199
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Peter Darrell Jones	director	111 HUNTINGTON AVENUE, BOSTON MA 02199
Edward M. Maloney	officer: Officer of Advisor	111 HUNTINGTON AVENUE, BOSTON MA 02199
James W. Kilman	director	111 HUNTINGTON AVENUE, BOSTON MA 02199
Richard O Hawkins	other: PORTFOLIO MANAGER	500 BOYLSTON STREET, BOSTON MA 02116
Carol W. Geremia	officer: PRESIDENT	111 HUNTINGTON AVENUE, BOSTON MA 02199
Kevin D Strain	other: Officer of Advisor	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Clarence Jr Otis	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John A Caroselli	director	ONE METROTECH CENTER, BROOKLYN NY 11201
Heidi Hardin	officer: Secretary	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Christopher R. Bohane	officer: Assistant Secretary	111 HUNTINGTON AVENUE, BOSTON MA 02199
Kristin V Collins	officer: Assistant Secretary	MFS INVESTMENT MANAGEMENT, 111 HUNTINGTON AVENUE, BOSTON MA 02199
Martin J Wolin	officer: Chief Compliance Officer	6 ST JAMES AVENUE 9TH FLOOR, BOSTON MA 02116