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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.0215 per share by the closed-end fund on Thursday, October 31st. This represents a $0.26 annualized dividend and a yield of 4.53%. The ex-dividend date is Tuesday, October 15th.

MFS Municipal Income Trust Stock Up 0.7 %

NYSE MFM opened at $5.70 on Monday. The stock’s 50-day moving average price is $5.64 and its 200-day moving average price is $5.40. MFS Municipal Income Trust has a 52 week low of $4.37 and a 52 week high of $5.78.

MFS Municipal Income Trust Company Profile

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.