MFS Special Value Trust (MFV) Plans Dividend Increase – $0.05 Per Share
MFS Special Value Trust (NYSE:MFV) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, January 17th will be given a dividend of 0.05 per share by the closed-end fund on Wednesday, January 31st. This represents a $0.60 annualized dividend and a dividend yield of 10.05%. The ex-dividend date is Tuesday, January 16th. This is a positive change from MFS Special Value Trust’s previous monthly dividend of $0.05.
MFS Special Value Trust has decreased its dividend by an average of 5.9% annually over the last three years.
Shares of MFS Special Value Trust (MFV) traded up $0.04 during trading hours on Wednesday, reaching $5.97. 22,314 shares of the company traded hands, compared to its average volume of 25,500. MFS Special Value Trust has a one year low of $5.53 and a one year high of $6.84.
MFS Special Value Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, but may consider capital appreciation. The Fund normally invests its assets in debt instruments. The Fund invests in corporate bonds, the United States Government securities, foreign government securities, equity securities and derivatives.
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