MFS Charter Income Trust (NYSE:MCR) Increases Dividend to $0.05 Per Share

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.0452 per share by the financial services provider on Monday, March 31st. This represents a $0.54 annualized dividend and a yield of 8.48%. The ex-dividend date is Tuesday, March 18th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.04.

MFS Charter Income Trust has raised its dividend payment by an average of 3.9% per year over the last three years.

MFS Charter Income Trust Stock Down 0.8 %

Shares of MFS Charter Income Trust stock traded down $0.05 during trading hours on Tuesday, hitting $6.39. The company’s stock had a trading volume of 79,820 shares, compared to its average volume of 72,898. MFS Charter Income Trust has a 12 month low of $6.01 and a 12 month high of $6.58. The stock has a 50 day moving average of $6.35 and a 200 day moving average of $6.37.

About MFS Charter Income Trust

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.