MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.0587 per share by the financial services provider on Friday, May 31st. This represents a $0.70 annualized dividend and a yield of 8.93%. The ex-dividend date of this dividend is Tuesday, May 14th. This is a boost from MFS Charter Income Trust’s previous monthly dividend of $0.06.
MFS Charter Income Trust has increased its dividend by an average of 3.8% per year over the last three years.
MCR stock opened at $7.89 on Monday. MFS Charter Income Trust has a twelve month low of $6.99 and a twelve month high of $8.05.
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.
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