MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Thursday, January 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, January 16th will be paid a dividend of 0.029 per share by the closed-end fund on Thursday, January 31st. This represents a $0.35 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend is Tuesday, January 15th.
MFS Municipal Income Trust has raised its dividend payment by an average of 0.3% annually over the last three years.
Shares of MFM stock opened at $6.57 on Monday. MFS Municipal Income Trust has a 12-month low of $6.04 and a 12-month high of $6.90.
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.
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