MFS Municipal Income Trust (NYSE:MFM) Declares Monthly Dividend of $0.03
MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Shareholders of record on Thursday, July 20th will be paid a dividend of 0.033 per share by the closed-end fund on Monday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date is Tuesday, July 18th.
MFS Municipal Income Trust has decreased its dividend by an average of 5.0% annually over the last three years.
Shares of MFS Municipal Income Trust (NYSE:MFM) traded down 0.69% during mid-day trading on Wednesday, reaching $7.15. 26,102 shares of the company’s stock were exchanged. MFS Municipal Income Trust has a one year low of $6.51 and a one year high of $7.63. The stock has a 50-day moving average of $7.17 and a 200 day moving average of $6.97.
MFS Municipal Income Trust Company Profile
MFS Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. 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 municipal bonds.
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