MFS Charter Income Trust (MCR) To Go Ex-Dividend on October 18th
MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Tuesday, October 4th. Shareholders of record on Thursday, October 20th will be given a dividend of 0.0631 per share on Monday, October 31st. This represents a $0.76 annualized dividend and a yield of 8.85%. The ex-dividend date of this dividend is Tuesday, October 18th.
Shares of MFS Charter Income Trust (NYSE:MCR) opened at 8.56 on Wednesday. MFS Charter Income Trust has a 52-week low of $7.27 and a 52-week high of $8.75. The firm has a 50-day moving average of $8.60 and a 200 day moving average of $8.43.
Separately, Paradigm Capital reduced their price objective on shares of MFS Charter Income Trust from C$3.00 to C$2.00 and set a “buy” rating for the company in a research report on Friday, August 19th.
Several large investors have recently made changes to their positions in MCR. Fiera Capital Corp acquired a new stake in shares of MFS Charter Income Trust during the second quarter worth about $124,000. First Allied Advisory Services Inc. boosted its stake in shares of 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 during the last quarter. Finally, Advisor Group Inc. acquired a new stake in shares of MFS Charter Income Trust during the second quarter worth about $347,000.
MFS Charter Income Trust Company Profile
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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