MFS Charter Income Trust (NYSE:MCR) Increases Dividend to $0.05 Per Share

MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders of record on Tuesday, July 16th will be paid a dividend of 0.0454 per share by the financial services provider on Wednesday, July 31st. This represents a $0.54 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Tuesday, July 16th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.05.

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

MFS Charter Income Trust Price Performance

Shares of MFS Charter Income Trust stock traded up $0.01 during trading hours on Tuesday, reaching $6.29. The company had a trading volume of 89,264 shares, compared to its average volume of 62,712. MFS Charter Income Trust has a one year low of $5.63 and a one year high of $6.70. The business has a fifty day simple moving average of $6.24 and a 200 day simple moving average of $6.31.

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.