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

MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, September 17th will be paid a dividend of 0.0215 per share by the closed-end fund on Monday, September 30th. This represents a $0.26 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Tuesday, September 17th.

MFS Municipal Income Trust Trading Down 0.5 %

Shares of NYSE:MFM opened at $5.73 on Monday. The firm’s 50 day moving average price is $5.51 and its 200-day moving average price is $5.34. MFS Municipal Income Trust has a twelve month low of $4.37 and a twelve month high of $5.78.

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.