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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0215 per share by the closed-end fund on Friday, February 28th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Tuesday, February 18th.

MFS Municipal Income Trust Trading Up 1.2 %

MFS Municipal Income Trust stock opened at $5.51 on Friday. The firm has a 50 day simple moving average of $5.42 and a 200 day simple moving average of $5.55. MFS Municipal Income Trust has a 1-year low of $5.05 and a 1-year high of $5.78.

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.