MFS Charter Income Trust (NYSE:MCR) Declares Dividend Increase – $0.04 Per Share

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.045 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Tuesday, February 17th. This is a 0.2% increase from MFS Charter Income Trust’s previous monthly dividend of $0.04.

MFS Charter Income Trust Price Performance

Shares of MCR traded up $0.01 during trading hours on Tuesday, hitting $6.27. The company’s stock had a trading volume of 35,516 shares, compared to its average volume of 78,612. The business has a 50 day simple moving average of $6.29 and a two-hundred day simple moving average of $6.34. MFS Charter Income Trust has a 52-week low of $5.57 and a 52-week high of $6.58.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.