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

MFS Municipal Income Trust (NYSE:MFM) declared 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 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Tuesday, January 14th.

MFS Municipal Income Trust Trading Up 0.4 %

Shares of NYSE MFM traded up $0.02 during midday trading on Friday, reaching $5.40. 72,085 shares of the stock were exchanged, compared to its average volume of 77,092. MFS Municipal Income Trust has a 12 month low of $5.05 and a 12 month high of $5.78. The business has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $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.