Mfs Muni Inc Tr (MFM) to Issue Monthly Dividend of $0.02 on November 28th

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Monday, November 3rd. Stockholders of record on Tuesday, November 18th will be paid a dividend of 0.024 per share by the closed-end fund on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, November 18th.

Mfs Muni Inc Tr Stock Performance

Shares of NYSE:MFM opened at $5.41 on Friday. Mfs Muni Inc Tr has a 52 week low of $4.94 and a 52 week high of $5.72. The firm’s fifty day moving average is $5.38 and its 200-day moving average is $5.22.

Institutional Investors Weigh In On Mfs Muni Inc Tr

A number of institutional investors have recently made changes to their positions in the stock. Pathstone Holdings LLC increased its stake in shares of Mfs Muni Inc Tr by 46.1% in the third quarter. Pathstone Holdings LLC now owns 3,944,944 shares of the closed-end fund’s stock valued at $21,263,000 after buying an additional 1,245,143 shares during the period. UBS Group AG boosted its holdings in Mfs Muni Inc Tr by 3.9% in the third quarter. UBS Group AG now owns 1,140,452 shares of the closed-end fund’s stock valued at $6,147,000 after acquiring an additional 42,723 shares during the last quarter. Van ECK Associates Corp increased its position in Mfs Muni Inc Tr by 7.2% during the 3rd quarter. Van ECK Associates Corp now owns 305,743 shares of the closed-end fund’s stock valued at $1,648,000 after purchasing an additional 20,435 shares during the period. Colonial Trust Advisors bought a new position in Mfs Muni Inc Tr during the 3rd quarter worth approximately $62,000. Finally, Advisors Asset Management Inc. raised its holdings in Mfs Muni Inc Tr by 1.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 885,553 shares of the closed-end fund’s stock worth $4,773,000 after purchasing an additional 12,407 shares during the last quarter.

About Mfs Muni Inc Tr

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.