MFS Municipal Income Trust (MFM) to Issue Monthly Dividend of $0.02 on January 31st

MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Tuesday, January 14th will be paid a dividend of 0.0215 per share by the closed-end fund on Friday, January 31st. This represents a $0.26 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Tuesday, January 14th.

MFS Municipal Income Trust Trading Down 1.3 %

Shares of NYSE:MFM opened at $5.34 on Friday. The firm’s 50 day moving average price is $5.51 and its 200-day moving average price is $5.54. MFS Municipal Income Trust has a twelve month low of $5.05 and a twelve month high of $5.78.

MFS Municipal Income Trust 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.