Mfs Muni Inc Tr (MFM) to Distribute Monthly Dividend of $0.03 on August 31st

Mfs Muni Inc Tr (NYSE:MFM) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.03 per share by the closed-end fund on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Monday, August 24th.

Mfs Muni Inc Tr Stock Down 0.4%

Shares of NYSE MFM opened at $5.34 on Friday. Mfs Muni Inc Tr has a 1 year low of $5.05 and a 1 year high of $5.67. The stock’s 50-day simple moving average is $5.49 and its 200-day simple moving average is $5.45.

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.