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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.0215 per share by the closed-end fund on Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Tuesday, March 18th.

MFS Municipal Income Trust Stock Performance

Shares of MFM stock traded down $0.08 on Tuesday, reaching $5.51. 127,788 shares of the stock were exchanged, compared to its average volume of 94,292. The business’s 50 day moving average price is $5.42 and its 200 day moving average price is $5.55. MFS Municipal Income Trust has a twelve month low of $5.05 and a twelve month high of $5.78.

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.