MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.0305 per share by the closed-end fund on Wednesday, February 28th. This represents a $0.37 annualized dividend and a yield of 5.46%. The ex-dividend date is Tuesday, February 13th.
MFS Municipal Income Trust has increased its dividend by an average of 1.6% annually over the last three years.
Shares of MFS Municipal Income Trust (MFM) traded down $0.02 during trading hours on Friday, reaching $6.70. 159,394 shares of the company traded hands, compared to its average volume of 136,811. MFS Municipal Income Trust has a one year low of $6.64 and a one year 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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