MFS Municipal Income Trust to Issue Monthly Dividend of $0.02 (NYSE:MFM)

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.0215 per share by the closed-end fund on Thursday, October 31st. This represents a $0.26 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Tuesday, October 15th.

MFS Municipal Income Trust Trading Up 0.2 %

MFM stock traded up $0.01 during midday trading on Wednesday, reaching $5.75. 78,665 shares of the company were exchanged, compared to its average volume of 90,621. MFS Municipal Income Trust has a one year low of $4.37 and a one year high of $5.78. The business has a 50-day moving average price of $5.59 and a two-hundred day moving average price of $5.38.

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.