MFS Charter Income Trust (NYSE:MCR) Plans $0.05 Monthly Dividend

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.045 per share by the financial services provider on Friday, May 31st. This represents a $0.54 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Tuesday, May 14th.

MFS Charter Income Trust has decreased its dividend by an average of 2.9% annually over the last three years and has raised its dividend every year for the last 1 years.

MFS Charter Income Trust Price Performance

Shares of NYSE:MCR traded up $0.04 during trading on Friday, hitting $6.26. 55,857 shares of the stock traded hands, compared to its average volume of 63,149. The company has a fifty day moving average price of $6.24 and a two-hundred day moving average price of $6.23. MFS Charter Income Trust has a 52-week low of $5.63 and a 52-week high of $6.70.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.