MFS Municipal Income Trust (NYSE:MFM) announced a — dividend on Thursday, September 5th, Wall Street Journal reports. Investors of record on Wednesday, September 18th will be given a dividend of 0.027 per share by the closed-end fund on Monday, September 30th. This represents a yield of 4.8%. The ex-dividend date is Tuesday, September 17th.
MFS Municipal Income Trust has raised its dividend payment by an average of 0.3% annually over the last three years.
MFS Municipal Income Trust stock opened at $6.92 on Friday. MFS Municipal Income Trust has a 1 year low of $6.04 and a 1 year high of $7.20. The firm has a 50 day moving average price of $7.11 and a 200 day moving average price of $6.95.
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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