Mfs Muni Inc Tr (NYSE:MFM) Declares $0.02 Monthly Dividend

Mfs Muni Inc Tr (NYSE:MFM) announced a monthly dividend on Monday, March 2nd. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.024 per share by the closed-end fund on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 17th.

Mfs Muni Inc Tr Trading Down 0.2%

Shares of MFM opened at $5.40 on Friday. Mfs Muni Inc Tr has a 1 year low of $4.94 and a 1 year high of $5.67. The stock has a 50-day simple moving average of $5.49 and a 200-day simple moving average of $5.40.

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.