MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Wednesday, December 20th will be given a dividend of 0.0618 per share by the financial services provider on Friday, December 29th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date is Tuesday, December 19th.
MFS Charter Income Trust has increased its dividend by an average of 6.4% per year over the last three years.
MFS Charter Income Trust (MCR) traded down $0.03 during midday trading on Monday, hitting $8.46. 67,575 shares of the company’s stock were exchanged, compared to its average volume of 132,937. MFS Charter Income Trust has a 12-month low of $8.29 and a 12-month high of $8.76.
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MFS Charter Income Trust (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 normally invests in debt instruments. The Fund also invests 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 and/or debt instruments of issuers located in emerging market countries.
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