MFS Charter Income Trust (NYSE:MCR – Get Free Report) announced a monthly dividend on Friday, May 1st. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.044 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Tuesday, May 19th. This is a 0.1% increase from MFS Charter Income Trust’s previous monthly dividend of $0.04.
MFS Charter Income Trust Trading Down 0.8%
MCR stock opened at $5.97 on Friday. MFS Charter Income Trust has a 12 month low of $5.84 and a 12 month high of $6.58. The firm has a 50-day moving average of $6.04 and a two-hundred day moving average of $6.20.
Institutional Trading of MFS Charter Income Trust
A number of hedge funds and other institutional investors have recently made changes to their positions in MCR. Geneos Wealth Management Inc. acquired a new stake in shares of MFS Charter Income Trust during the 1st quarter worth approximately $34,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MFS Charter Income Trust during the 2nd quarter worth approximately $70,000. Landscape Capital Management L.L.C. acquired a new stake in shares of MFS Charter Income Trust during the 4th quarter worth approximately $73,000. Millennium Management LLC acquired a new stake in shares of MFS Charter Income Trust during the 4th quarter worth approximately $76,000. Finally, Evolve Private Wealth LLC acquired a new stake in shares of MFS Charter Income Trust during the 1st quarter worth approximately $79,000.
About MFS Charter Income Trust
MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.
The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.
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