Mfs Muni Inc Tr (NYSE:MFM - Get Free Report) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.024 per share by the closed-end fund on Thursday, July 31st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend is Tuesday, July 15th. This is a 9.1% increase from Mfs Muni Inc Tr's previous monthly dividend of $0.02.
Mfs Muni Inc Tr Price Performance
Shares of NYSE:MFM traded up $0.01 during trading on Friday, hitting $5.19. The company's stock had a trading volume of 94,916 shares, compared to its average volume of 118,264. The company has a 50-day moving average of $5.15 and a 200-day moving average of $5.28. Mfs Muni Inc Tr has a 12 month low of $4.94 and a 12 month high of $5.78.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Mfs Muni Inc Tr stock. Royal Bank of Canada boosted its stake in shares of Mfs Muni Inc Tr (NYSE:MFM - Free Report) by 21.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,989 shares of the closed-end fund's stock after purchasing an additional 9,900 shares during the period. Royal Bank of Canada owned about 0.11% of Mfs Muni Inc Tr worth $297,000 at the end of the most recent quarter.
Mfs Muni Inc Tr Company Profile
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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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