MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, January 17th will be given a dividend of 0.0315 per share by the closed-end fund on Wednesday, January 31st. This represents a $0.38 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Tuesday, January 16th.
MFS Municipal Income Trust has decreased its dividend by an average of 5.0% per year over the last three years.
MFS Municipal Income Trust (MFM) traded up $0.01 during mid-day trading on Wednesday, reaching $6.87. 99,210 shares of the company’s stock were exchanged, compared to its average volume of 108,150. MFS Municipal Income Trust has a fifty-two week low of $6.68 and a fifty-two week 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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