MFS Municipal Income Trust to Issue Monthly Dividend of $0.03 (NYSE:MFM)

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Wednesday, December 18th will be paid a dividend of 0.027 per share by the closed-end fund on Tuesday, December 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Tuesday, December 17th.

NYSE:MFM traded up $0.02 during mid-day trading on Wednesday, hitting $7.07. The stock had a trading volume of 19,230 shares, compared to its average volume of 47,539. MFS Municipal Income Trust has a twelve month low of $6.12 and a twelve month high of $7.20. The company’s 50 day simple moving average is $7.01 and its 200 day simple moving average is $7.01.

MFS Municipal Income Trust Company Profile

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.

Further Reading: S&P/ASX 200 Index

Dividend History for MFS Municipal Income Trust (NYSE:MFM)

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