Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) declared a monthly dividend on Friday, May 1st. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.024 per share by the closed-end fund on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Tuesday, May 19th.
Mfs Muni Inc Tr Trading Down 0.4%
MFM stock opened at $5.43 on Friday. Mfs Muni Inc Tr has a fifty-two week low of $5.03 and a fifty-two week high of $5.67. The stock has a fifty day moving average of $5.40 and a 200-day moving average of $5.42.
About Mfs Muni Inc Tr
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.
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