MFS Municipal Income Trust (MFM) Declares $0.03 Monthly Dividend
MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.0315 per share by the closed-end fund on Thursday, November 30th. This represents a $0.38 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Tuesday, November 14th.
MFS Municipal Income Trust has decreased its dividend payment by an average of 5.0% annually over the last three years.
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About MFS Municipal Income Trust
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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