MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Thursday, January 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, January 16th will be given a dividend of 0.029 per share by the closed-end fund on Thursday, January 31st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Tuesday, January 15th.
MFS Municipal Income Trust has increased its dividend by an average of 0.3% annually over the last three years.
NYSE:MFM opened at $6.44 on Thursday. MFS Municipal Income Trust has a 1 year low of $6.04 and a 1 year high of $6.90.
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.
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