MFS Municipal Income Trust (MFM) To Go Ex-Dividend on April 16th

MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Wednesday, April 17th will be paid a dividend of 0.0205 per share by the closed-end fund on Tuesday, April 30th. This represents a $0.25 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Tuesday, April 16th.

MFS Municipal Income Trust Price Performance

Shares of NYSE MFM remained flat at $5.27 during mid-day trading on Wednesday. The company had a trading volume of 129,803 shares, compared to its average volume of 103,930. The business has a fifty day moving average price of $5.28 and a 200-day moving average price of $5.02. MFS Municipal Income Trust has a twelve month low of $4.37 and a twelve month high of $5.48.

Hedge Funds Weigh In On MFS Municipal Income Trust

A number of institutional investors have recently made changes to their positions in MFM. Graves Light Lenhart Wealth Inc. acquired a new stake in MFS Municipal Income Trust during the first quarter valued at approximately $33,000. Silverlake Wealth Management LLC bought a new stake in shares of MFS Municipal Income Trust in the 4th quarter valued at $59,000. Nomura Holdings Inc. bought a new position in MFS Municipal Income Trust during the 2nd quarter worth about $63,000. Creative Planning acquired a new position in shares of MFS Municipal Income Trust in the third quarter valued at about $67,000. Finally, Chicago Partners Investment Group LLC lifted its position in MFS Municipal Income Trust by 48.0% during the first quarter. Chicago Partners Investment Group LLC now owns 14,800 shares of the closed-end fund’s stock worth $80,000 after purchasing an additional 4,800 shares during the period.

About MFS Municipal Income Trust

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.