MFS Charter Income Trust (MCR) to Issue Monthly Dividend of $0.05 on October 31st

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.0466 per share by the financial services provider on Thursday, October 31st. This represents a $0.56 annualized dividend and a yield of 8.50%. The ex-dividend date is Tuesday, October 15th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.05.

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

MFS Charter Income Trust Price Performance

MFS Charter Income Trust stock opened at $6.57 on Thursday. The business has a 50 day moving average of $6.41 and a 200-day moving average of $6.31. MFS Charter Income Trust has a 1 year low of $5.63 and a 1 year high of $6.70.

MFS Charter Income Trust Company Profile

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.