MFS Charter Income Trust (NYSE:MCR – Get Free Report) declared a monthly dividend on Friday, May 1st. Shareholders of record on Tuesday, May 19th will be paid a dividend of 0.044 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a 0.1% increase from MFS Charter Income Trust’s previous monthly dividend of $0.04.
MFS Charter Income Trust Stock Down 0.8%
Shares of NYSE:MCR opened at $5.97 on Friday. MFS Charter Income Trust has a twelve month low of $5.84 and a twelve month high of $6.58. The stock’s 50 day moving average is $6.04 and its 200-day moving average is $6.20.
Hedge Funds Weigh In On MFS Charter Income Trust
A number of institutional investors have recently modified their holdings of MCR. Geneos Wealth Management Inc. acquired a new position in shares of MFS Charter Income Trust during the first quarter worth approximately $34,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of MFS Charter Income Trust during the second quarter worth approximately $70,000. Landscape Capital Management L.L.C. acquired a new position in shares of MFS Charter Income Trust during the fourth quarter worth approximately $73,000. Millennium Management LLC acquired a new position in shares of MFS Charter Income Trust during the fourth quarter worth approximately $76,000. Finally, Evolve Private Wealth LLC acquired a new position in shares of MFS Charter Income Trust during the first quarter worth approximately $79,000.
About MFS Charter Income Trust
MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.
The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.
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