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

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.0466 per share by the financial services provider on Thursday, October 31st. This represents a $0.56 annualized dividend and a yield of 8.50%. The ex-dividend date is Tuesday, October 15th. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.05.

MFS Charter Income Trust has decreased its dividend payment by an average of 2.9% annually over the last three years.

MFS Charter Income Trust Price Performance

MCR remained flat at $6.57 during midday trading on Wednesday. The company’s stock had a trading volume of 68,632 shares, compared to its average volume of 67,807. MFS Charter Income Trust has a 52 week low of $5.63 and a 52 week high of $6.70. The firm has a 50-day simple moving average of $6.40 and a 200-day simple moving average of $6.31.

About MFS Charter Income Trust

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.