MFS Charter Income Trust (NYSE:MCR) to Issue Monthly Dividend of $0.05

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be given a dividend of 0.0454 per share by the financial services provider on Wednesday, July 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Tuesday, July 16th. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.05.

MFS Charter Income Trust has decreased its dividend by an average of 2.9% annually over the last three years.

MFS Charter Income Trust Stock Up 0.2 %

MCR traded up $0.01 on Tuesday, hitting $6.29. 89,264 shares of the company’s stock traded hands, compared to its average volume of 62,712. The company’s 50 day simple moving average is $6.24 and its 200-day simple moving average is $6.31. MFS Charter Income Trust has a one year low of $5.63 and a one year high of $6.70.

About MFS Charter Income Trust

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.