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

Key Points

• Mfs Muni Inc Tr declared a monthly dividend of $0.02 per share, payable on September 30th, to shareholders of record on September 16th, reflecting a yield of 5.6%.
• The company’s stock traded down slightly to $5.15, with a fifty-two week range between $4.94 and $5.78.
• MFS Municipal Income Trust focuses on investing in tax-exempt bonds and benchmarks its performance against the Barclays Municipal Bond Index.

Mfs Muni Inc Tr (NYSE:MFM - Get Free Report) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.024 per share by the closed-end fund on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 16th.

Mfs Muni Inc Tr Price Performance

NYSE:MFM traded down $0.01 during midday trading on Wednesday, hitting $5.15. 67,083 shares of the company were exchanged, compared to its average volume of 140,075. The company has a fifty day simple moving average of $5.13 and a 200 day simple moving average of $5.20. Mfs Muni Inc Tr has a fifty-two week low of $4.94 and a fifty-two week high of $5.78.

Mfs Muni Inc Tr 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.

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