MFS Charter Income Trust (MCR) to Issue Monthly Dividend of C$0.06
MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Tuesday, October 4th. Stockholders of record on Thursday, October 20th will be paid a dividend of 0.0631 per share on Monday, October 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date is Tuesday, October 18th.
MFS Charter Income Trust (NYSE:MCR) opened at 8.47 on Monday. The stock has a 50 day moving average price of $8.58 and a 200-day moving average price of $8.45. MFS Charter Income Trust has a one year low of $7.27 and a one year high of $8.75.
Separately, Paradigm Capital lowered their price target on MFS Charter Income Trust from C$3.00 to C$2.00 and set a “buy” rating on the stock in a research report on Friday, August 19th.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Fiera Capital Corp acquired a new position in MFS Charter Income Trust during the second quarter worth $124,000. First Allied Advisory Services Inc. raised its position in MFS Charter Income Trust by 73.0% in the second quarter. First Allied Advisory Services Inc. now owns 21,078 shares of the company’s stock worth $178,000 after buying an additional 8,892 shares during the last quarter. Finally, Advisor Group Inc. acquired a new position in MFS Charter Income Trust during the second quarter worth $347,000.
MFS Charter Income Trust Company Profile
MFS Charter Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. The Fund invests its assets primarily in debt instruments. Its assets are also invested in corporate bonds of the United States and/or foreign issuers, the United States government securities, foreign government securities, mortgage-backed and other asset-backed securities of the United States and/or foreign issuers, and/or debt instruments of issuers located in emerging market countries.
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