MFS Charter Income Trust (NYSE:MCR) Increases Dividend to $0.05 Per Share

MFS Charter Income Trust (NYSE:MCRGet Free Report) declared a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.046 per share by the financial services provider on Thursday, February 29th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.05.

MFS Charter Income Trust has decreased its dividend by an average of 8.1% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

MFS Charter Income Trust Price Performance

MCR stock opened at $6.40 on Monday. MFS Charter Income Trust has a 12-month low of $5.63 and a 12-month high of $6.85. The stock’s 50 day simple moving average is $6.41 and its 200 day simple moving average is $6.14.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in MFS Charter Income Trust by 1.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 152,688 shares of the financial services provider’s stock worth $960,000 after buying an additional 1,817 shares during the last quarter. Royal Bank of Canada grew its stake in shares of MFS Charter Income Trust by 5.5% in the third quarter. Royal Bank of Canada now owns 38,303 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 1,998 shares in the last quarter. LPL Financial LLC grew its stake in shares of MFS Charter Income Trust by 0.7% in the first quarter. LPL Financial LLC now owns 281,686 shares of the financial services provider’s stock worth $1,772,000 after purchasing an additional 2,082 shares in the last quarter. Stifel Financial Corp grew its stake in shares of MFS Charter Income Trust by 2.0% in the second quarter. Stifel Financial Corp now owns 121,471 shares of the financial services provider’s stock worth $766,000 after purchasing an additional 2,371 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of MFS Charter Income Trust by 4.8% in the second quarter. Osaic Holdings Inc. now owns 54,796 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 2,504 shares in the last quarter.

About MFS Charter Income Trust

(Get Free Report)

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.

See Also

Dividend History for MFS Charter Income Trust (NYSE:MCR)

Receive News & Ratings for MFS Charter Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Charter Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.