MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Stockholders of record on Wednesday, December 19th will be paid a dividend of 0.0295 per share by the closed-end fund on Monday, December 31st. This represents a $0.35 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend is Tuesday, December 18th.
MFS Municipal Income Trust has increased its dividend by an average of 1.6% annually over the last three years.
Shares of MFS Municipal Income Trust stock traded up $0.06 on Wednesday, hitting $6.47. 138,940 shares of the company’s stock were exchanged, compared to its average volume of 91,069. MFS Municipal Income Trust has a 1 year low of $6.04 and a 1 year high of $6.97.
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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.
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