Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.024 per share by the closed-end fund on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, February 17th.
Mfs Muni Inc Tr Stock Performance
Shares of MFM stock traded up $0.05 on Tuesday, hitting $5.52. The stock had a trading volume of 26,401 shares, compared to its average volume of 107,915. The business has a 50 day moving average price of $5.41 and a 200 day moving average price of $5.32. Mfs Muni Inc Tr has a one year low of $4.94 and a one year high of $5.61.
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.
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