Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.024 per share by the closed-end fund on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, January 20th.
Mfs Muni Inc Tr Trading Up 0.1%
Shares of NYSE:MFM opened at $5.52 on Friday. The stock has a fifty day simple moving average of $5.39 and a two-hundred day simple moving average of $5.30. Mfs Muni Inc Tr has a 12-month low of $4.94 and a 12-month high of $5.59.
Institutional Investors Weigh In On Mfs Muni Inc Tr
Institutional investors have recently made changes to their positions in the company. NWF Advisory Services Inc. purchased a new position in Mfs Muni Inc Tr in the 2nd quarter worth approximately $52,000. Beaumont Financial Advisors LLC purchased a new position in shares of Mfs Muni Inc Tr in the fourth quarter worth $61,000. Colonial Trust Advisors purchased a new position in shares of Mfs Muni Inc Tr in the third quarter worth $62,000. World Investment Advisors bought a new position in Mfs Muni Inc Tr during the 3rd quarter valued at about $77,000. Finally, Activest Wealth Management bought a new stake in shares of Mfs Muni Inc Tr in the third quarter worth approximately $80,000.
About Mfs Muni Inc Tr
MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.
At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.
Recommended Stories
- Five stocks we like better than Mfs Muni Inc Tr
- Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!
- Do not delete, read immediately
- How a Family Trust May Be Able To Help Preserve Your Wealth
- URGENT: Trump Just Triggered AI’s Biggest Disruption Yet
- Wall Street Alert: Buy AES
Receive News & Ratings for Mfs Muni Inc Tr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mfs Muni Inc Tr and related companies with MarketBeat.com's FREE daily email newsletter.
