Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) announced a monthly dividend on Tuesday, June 9th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.03 per share by the closed-end fund on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Tuesday, June 23rd. This is a 25.0% increase from Mfs Muni Inc Tr’s previous monthly dividend of $0.02.
Mfs Muni Inc Tr Trading Up 0.1%
NYSE:MFM opened at $5.54 on Friday. Mfs Muni Inc Tr has a one year low of $5.03 and a one year high of $5.67. The business’s 50-day simple moving average is $5.42 and its 200 day simple moving average is $5.43.
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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