Mfs Muni Inc Tr (MFM) to Issue Monthly Dividend of $0.02 on February 27th

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.024 per share by the closed-end fund on Friday, February 27th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, February 17th.

Mfs Muni Inc Tr Stock Performance

NYSE:MFM opened at $5.55 on Friday. Mfs Muni Inc Tr has a one year low of $4.94 and a one year high of $5.61. The firm has a 50-day simple moving average of $5.44 and a 200-day simple moving average of $5.35.

Mfs Muni Inc Tr Company Profile

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.