MFS Municipal Income Trust (NYSE:MFM) Declares -- Dividend of $0.02

MFS Municipal Income Trust (NYSE:MFM - Get Free Report) declared a -- dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Tuesday, June 17th will be given a dividend of 0.024 per share by the closed-end fund on Monday, June 30th. This represents a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 17th.

MFS Municipal Income Trust Trading Down 0.7%

MFM traded down $0.04 during trading on Friday, reaching $5.06. The company had a trading volume of 211,283 shares, compared to its average volume of 113,017. The firm's 50-day simple moving average is $5.13 and its 200 day simple moving average is $5.34. MFS Municipal Income Trust has a 12-month low of $4.94 and a 12-month high of $5.78.

Institutional Trading of MFS Municipal Income Trust

A hedge fund recently raised its stake in MFS Municipal Income Trust stock. Royal Bank of Canada boosted its stake in shares of MFS Municipal Income Trust (NYSE:MFM - Free Report) by 21.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,989 shares of the closed-end fund's stock after buying an additional 9,900 shares during the period. Royal Bank of Canada owned about 0.11% of MFS Municipal Income Trust worth $297,000 at the end of the most recent reporting period.

About MFS Municipal Income Trust

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.