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

MFS Municipal Income Trust (NYSE:MFM) declared 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 dividend yield of 4.81%. The ex-dividend date is Tuesday, July 16th. This is an increase from MFS Municipal Income Trust’s previous monthly dividend of $0.02.

MFS Municipal Income Trust Trading Up 0.6 %

MFS Municipal Income Trust stock traded up $0.03 during mid-day trading on Tuesday, hitting $5.36. 45,317 shares of the company’s stock traded hands, compared to its average volume of 88,856. The firm has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $5.23. MFS Municipal Income Trust has a fifty-two week low of $4.37 and a fifty-two week high of $5.48.

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.