MFS Municipal Income Trust (MFM) Plans $0.03 Monthly Dividend
MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Wednesday, December 20th will be paid a dividend of 0.0315 per share by the closed-end fund on Friday, December 29th. This represents a $0.38 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Tuesday, December 19th.
MFS Municipal Income Trust has decreased its dividend by an average of 5.0% per year over the last three years.
Shares of MFS Municipal Income Trust (MFM) traded down $0.02 during midday trading on Monday, hitting $6.87. The stock had a trading volume of 111,568 shares, compared to its average volume of 73,634. MFS Municipal Income Trust has a 12 month low of $6.55 and a 12 month high of $7.41.
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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