MFS Municipal Income Trust (NYSE:MFM) Plans Monthly Dividend of $0.02

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Tuesday, January 14th will be given a dividend of 0.0215 per share by the closed-end fund on Friday, January 31st. This represents a $0.26 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Tuesday, January 14th.

MFS Municipal Income Trust Price Performance

MFS Municipal Income Trust stock traded up $0.02 on Friday, reaching $5.40. The company’s stock had a trading volume of 72,085 shares, compared to its average volume of 77,092. MFS Municipal Income Trust has a twelve month low of $5.05 and a twelve month high of $5.78. The business’s fifty day moving average price is $5.53 and its 200 day moving average price is $5.53.

About MFS Municipal Income Trust

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.