MFS Charter Income Trust (MCR) to Issue Monthly Dividend of $0.04 on May 29th

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Friday, May 1st. Stockholders 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 dividend yield of 8.8%. The ex-dividend date 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 Trading Down 0.8%

Shares of NYSE:MCR opened at $5.97 on Friday. The firm’s 50 day moving average price is $6.04 and its 200-day moving average price is $6.20. MFS Charter Income Trust has a twelve month low of $5.84 and a twelve month high of $6.58.

MFS Charter Income Trust Company Profile

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.