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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.0215 per share by the closed-end fund on Thursday, October 31st. This represents a $0.26 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Tuesday, October 15th.

MFS Municipal Income Trust Trading Up 0.7 %

Shares of MFS Municipal Income Trust stock opened at $5.70 on Friday. MFS Municipal Income Trust has a 12 month low of $4.37 and a 12 month high of $5.78. The business’s 50-day moving average price is $5.64 and its 200-day moving average price is $5.40.

MFS Municipal Income Trust Company Profile

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.