MFS Municipal Income Trust (NYSE:MFM) Plans Dividend Increase – $0.02 Per Share

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be given a dividend of 0.0215 per share by the closed-end fund on Wednesday, July 31st. This represents a $0.26 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Tuesday, July 16th. This is an increase from MFS Municipal Income Trust’s previous monthly dividend of $0.02.

MFS Municipal Income Trust Stock Up 0.6 %

NYSE:MFM traded up $0.03 on Tuesday, hitting $5.36. The stock had a trading volume of 45,317 shares, compared to its average volume of 88,856. The business’s fifty day moving average is $5.23 and its 200 day moving average is $5.23. MFS Municipal Income Trust has a 52 week low of $4.37 and a 52 week high of $5.48.

MFS Municipal Income Trust Company Profile

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.