MFS Charter Income Trust (MCR) Announces Monthly Dividend of C$0.06
MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Tuesday, October 4th. Shareholders of record on Thursday, October 20th will be paid a dividend of 0.0631 per share on Monday, October 31st. This represents a $0.76 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date is Tuesday, October 18th.
Shares of MFS Charter Income Trust (NYSE:MCR) opened at 8.56 on Wednesday. The firm’s 50-day moving average price is $8.60 and its 200-day moving average price is $8.43. MFS Charter Income Trust has a 12 month low of $7.27 and a 12 month high of $8.75.
Several hedge funds have recently bought and sold shares of the company. Advisor Group Inc. bought a new stake in MFS Charter Income Trust during the second quarter worth $347,000. First Allied Advisory Services Inc. raised its stake in MFS Charter Income Trust by 73.0% in the second quarter. First Allied Advisory Services Inc. now owns 21,078 shares of the company’s stock worth $178,000 after buying an additional 8,892 shares in the last quarter. Finally, Fiera Capital Corp bought a new stake in MFS Charter Income Trust during the second quarter worth $124,000.
Separately, Paradigm Capital cut their price objective on MFS Charter Income Trust from C$3.00 to C$2.00 and set a “buy” rating on the stock in a research report on Friday, August 19th.
About MFS Charter Income Trust
MFS Charter Income Trust (the 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 invests its assets primarily in debt instruments. Its assets are also invested 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 of the United States and/or foreign issuers, and/or debt instruments of issuers located in emerging market countries.
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