MFS Municipal Income Trust (MFM) to Issue Monthly Dividend of $0.03
MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, October 18th will be given a dividend of 0.0325 per share by the closed-end fund on Tuesday, October 31st. This represents a $0.39 annualized dividend and a yield of 5.43%. The ex-dividend date is Tuesday, October 17th.
MFS Municipal Income Trust has decreased its dividend payment by an average of 5.0% annually over the last three years.
MFS Municipal Income Trust (NYSE MFM) traded up 0.14% during trading on Tuesday, hitting $7.18. The stock had a trading volume of 36,335 shares. The company has a 50-day moving average of $7.21 and a 200-day moving average of $7.15. MFS Municipal Income Trust has a 52 week low of $6.51 and a 52 week high of $7.45.
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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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