MFS Charter Income Trust (NYSE:MCR) to Issue $0.05 Monthly Dividend

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Tuesday, August 13th will be paid a dividend of 0.045 per share by the financial services provider on Friday, August 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.40%. The ex-dividend date is Tuesday, August 13th.

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

MFS Charter Income Trust Stock Up 0.3 %

Shares of MCR stock traded up $0.02 during trading hours on Friday, reaching $6.43. 68,225 shares of the company’s stock were exchanged, compared to its average volume of 61,737. MFS Charter Income Trust has a fifty-two week low of $5.63 and a fifty-two week high of $6.70. The business has a fifty day moving average price of $6.30 and a 200-day moving average price of $6.29.

MFS Charter Income Trust Company Profile

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.