Mfs Muni Inc Tr (NYSE:MFM) Declares Monthly Dividend of $0.03

Mfs Muni Inc Tr (NYSE:MFM) announced a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be given a dividend of $0.03 per share by the closed-end fund on Friday, October 30th. This represents a $0.36 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, October 23rd.

Mfs Muni Inc Tr Stock Up 0.1%

MFM stock traded up $0.01 during midday trading on Wednesday, reaching $5.11. 67,806 shares of the company’s stock traded hands, compared to its average volume of 230,675. Mfs Muni Inc Tr has a 52-week low of $4.75 and a 52-week high of $5.67. The stock’s 50-day moving average is $5.15 and its 200 day moving average is $5.34.

Mfs Muni Inc Tr Company Profile

MFS Muni Inc Tr, also known as MFS Municipal Income Trust, is a closed-end investment company listed on the New York Stock Exchange under the symbol MFM. The trust seeks to provide current income that is exempt from federal income tax by investing primarily in municipal bonds and other municipal securities.

The portfolio may include obligations issued by states, municipalities, and other public entities across the United States. These securities generally finance public infrastructure and essential services, such as schools, transportation systems, utilities, hospitals, and other community projects.