Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) announced a monthly dividend on Tuesday, June 9th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.03 per share by the closed-end fund on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, June 23rd. This is a 25.0% increase from Mfs Muni Inc Tr’s previous monthly dividend of $0.02.
Mfs Muni Inc Tr Stock Up 0.3%
MFM opened at $5.40 on Wednesday. The firm’s 50-day simple moving average is $5.39 and its 200-day simple moving average is $5.42. Mfs Muni Inc Tr has a twelve month low of $5.03 and a twelve month high of $5.67.
Mfs Muni Inc Tr Company Profile
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.
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