MFS Municipal Income Trust Plans Monthly Dividend of $0.03 (MFM)
MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, October 18th will be paid a dividend of 0.0325 per share by the closed-end fund on Tuesday, October 31st. This represents a $0.39 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Tuesday, October 17th.
MFS Municipal Income Trust has decreased its dividend payment by an average of 5.0% annually over the last three years.
MFS Municipal Income Trust (NYSE MFM) traded down 0.56% during mid-day trading on Wednesday, hitting $7.14. 16,914 shares of the stock were exchanged. The stock has a 50 day moving average price of $7.21 and a 200 day moving average price of $7.16. MFS Municipal Income Trust has a 1-year low of $6.51 and a 1-year high of $7.41.
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About MFS Municipal Income Trust
MFS Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.
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