MFS Municipal Income Trust (NYSE:MFM) to Issue Monthly Dividend of $0.02

MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders of record on Tuesday, July 16th will be given a dividend of 0.0215 per share by the closed-end fund on Wednesday, July 31st. This represents a $0.26 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Tuesday, July 16th. This is a positive change from MFS Municipal Income Trust’s previous monthly dividend of $0.02.

MFS Municipal Income Trust Trading Up 0.2 %

MFM opened at $5.43 on Monday. MFS Municipal Income Trust has a 1-year low of $4.37 and a 1-year high of $5.48. The firm’s 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $5.25.

About MFS Municipal Income Trust

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.