Mfs Muni Inc Tr (MFM) to Issue Monthly Dividend of $0.02 on January 30th

Mfs Muni Inc Tr (NYSE:MFM) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.024 per share by the closed-end fund on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, January 20th.

Mfs Muni Inc Tr Stock Up 0.1%

MFM stock opened at $5.52 on Friday. The company has a fifty day moving average price of $5.39 and a 200-day moving average price of $5.30. Mfs Muni Inc Tr has a 52-week low of $4.94 and a 52-week high of $5.59.

About Mfs Muni Inc Tr

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.