MFS Municipal Income Trust (MFM) to Issue Monthly Dividend of $0.03 on September 29th
MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Stockholders of record on Wednesday, September 13th will be given a dividend of 0.0325 per share by the closed-end fund on Friday, September 29th. This represents a $0.39 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Tuesday, September 12th.
MFS Municipal Income Trust has decreased its dividend payment by an average of 5.0% per year over the last three years.
Shares of MFS Municipal Income Trust (NYSE:MFM) opened at 7.21 on Monday. The stock has a 50 day moving average of $7.23 and a 200 day moving average of $7.11. MFS Municipal Income Trust has a 12-month low of $6.51 and a 12-month high of $7.49.
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MFS Municipal Income Trust Company Profile
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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