MFS Municipal Income Trust to Issue Monthly Dividend of $0.03 (MFM)
MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, January 17th will be given a dividend of 0.0315 per share by the closed-end fund on Wednesday, January 31st. This represents a $0.38 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend is Tuesday, January 16th.
MFS Municipal Income Trust has raised its dividend by an average of 1.6% per year over the last three years.
MFS Municipal Income Trust (NYSE:MFM) opened at $6.85 on Monday. MFS Municipal Income Trust has a 12 month low of $6.73 and a 12 month high of $7.41.
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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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