MFS Charter Income Trust (NYSE:MCR) Declares Dividend Increase – $0.05 Per Share

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, September 17th will be given a dividend of 0.046 per share by the financial services provider on Monday, September 30th. This represents a $0.55 dividend on an annualized basis and a yield of 8.61%. The ex-dividend date of this dividend is Tuesday, September 17th. This is a positive change from MFS Charter Income Trust’s previous monthly dividend of $0.05.

MFS Charter Income Trust has decreased its dividend payment by an average of 2.9% per year over the last three years.

MFS Charter Income Trust Price Performance

Shares of MCR opened at $6.41 on Monday. MFS Charter Income Trust has a one year low of $5.63 and a one year high of $6.70. The business’s 50 day simple moving average is $6.37 and its 200-day simple moving average is $6.29.

About MFS Charter Income Trust

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.