MFS Municipal Income Trust (NYSE:MFM) to Issue Monthly Dividend of $0.03 on August 31st
MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Stockholders of record on Thursday, August 17th will be given a dividend of 0.033 per share by the closed-end fund on Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Tuesday, August 15th.
MFS Municipal Income Trust has decreased its dividend payment by an average of 5.0% annually over the last three years.
MFS Municipal Income Trust (MFM) opened at 7.33 on Thursday. The stock’s 50 day moving average is $7.23 and its 200-day moving average is $7.07. MFS Municipal Income Trust has a 52-week low of $6.51 and a 52-week high of $7.54.
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About MFS Municipal Income Trust
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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