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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.0215 per share by the closed-end fund on Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Tuesday, March 18th.

MFS Municipal Income Trust Trading Down 1.4 %

NYSE:MFM traded down $0.08 during midday trading on Tuesday, reaching $5.51. The company had a trading volume of 127,788 shares, compared to its average volume of 94,292. MFS Municipal Income Trust has a 12-month low of $5.05 and a 12-month high of $5.78. The stock’s fifty day simple moving average is $5.42 and its 200-day simple moving average is $5.55.

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.