MFS Municipal Income Trust (NYSE:MFM) to Issue Dividend Increase – $0.02 Per Share

MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be paid a dividend of 0.0215 per share by the closed-end fund on Wednesday, July 31st. This represents a $0.26 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Tuesday, July 16th. This is a boost from MFS Municipal Income Trust’s previous monthly dividend of $0.02.

MFS Municipal Income Trust Trading Up 0.2 %

Shares of NYSE:MFM opened at $5.43 on Monday. MFS Municipal Income Trust has a 52-week low of $4.37 and a 52-week high of $5.48. The firm has a fifty day moving average of $5.28 and a 200 day moving average of $5.25.

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.