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

Key Points

• Mfs Muni Inc Tr has announced a monthly dividend of $0.02 per share, with an annualized yield of 5.3% for shareholders of record as of October 14th.
• The stock opened at $5.39, showing a 1 year range between a low of $4.94 and a high of $5.75, with a 50-day moving average of $5.21.
• Mfs Muni Inc Tr primarily invests in tax-exempt bonds and is managed by Massachusetts Financial Services Company, benchmarking against the Barclays Municipal Bond Index.

Mfs Muni Inc Tr (NYSE:MFM - Get Free Report) declared a monthly dividend on Wednesday, October 1st. Shareholders of record on Tuesday, October 14th will be given a dividend of 0.024 per share by the closed-end fund on Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, October 14th.

Mfs Muni Inc Tr Stock Performance

MFM stock opened at $5.39 on Thursday. The stock has a 50-day moving average price of $5.21 and a two-hundred day moving average price of $5.17. Mfs Muni Inc Tr has a 1 year low of $4.94 and a 1 year high of $5.75.

About Mfs Muni Inc Tr

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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