Mfs Muni Inc Tr (NYSE:MFM) Announces $0.02 Monthly Dividend

Key Points

• MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend of $0.024 per share, payable April 30 to shareholders of record April 14 (ex-dividend date April 14), implying an annualized yield of about 5.3%.
• The closed-end fund seeks to provide federally tax-exempt income by investing primarily in municipal securities, allocating at least 80% of assets to investment-grade municipal debt while retaining up to 20% flexibility for non-investment-grade or unrated bonds.
• MFM shares recently traded around $5.43, near its 50-day and 200-day moving averages (~$5.44 and $5.41), with a 1-year range of $4.94–$5.67.

Mfs Muni Inc Tr (NYSE:MFM - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Tuesday, April 14th will be paid a dividend of 0.024 per share by the closed-end fund on Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, April 14th.

Mfs Muni Inc Tr Stock Performance

NYSE MFM opened at $5.43 on Friday. The stock's 50 day simple moving average is $5.44 and its 200-day simple moving average is $5.41. Mfs Muni Inc Tr has a 1-year low of $4.94 and a 1-year high of $5.67.

Mfs Muni Inc Tr Company Profile

MFS Municipal Income Trust NYSE: MFM is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust's total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.

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