MFS MUNI INC TR Plans Monthly Dividend of $0.02 (NYSE:MFM)

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) declared a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Stockholders 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) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, September 16th.

MFS MUNI INC TR Trading Up 1.5%

MFM stock traded up $0.08 during trading on Monday, reaching $5.25. 203,422 shares of the company's stock were exchanged, compared to its average volume of 141,210. The company's fifty day moving average price is $5.13 and its 200-day moving average price is $5.19. MFS MUNI INC TR has a 1-year low of $4.94 and a 1-year 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.