MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, February 14th will be given a dividend of 0.0305 per share by the closed-end fund on Wednesday, February 28th. This represents a $0.37 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date is Tuesday, February 13th.
MFS Municipal Income Trust has raised its dividend by an average of 1.6% annually over the last three years.
MFS Municipal Income Trust (NYSE MFM) traded down $0.02 during trading hours on Friday, reaching $6.70. The company’s stock had a trading volume of 159,394 shares, compared to its average volume of 125,336. MFS Municipal Income Trust has a twelve month low of $6.64 and a twelve month high of $7.41.
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MFS Municipal Income Trust Company Profile
MFS Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.
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