MFS Charter Income Trust (MCR) to Issue Monthly Dividend of $0.04 on March 31st

MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.045 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, March 17th.

MFS Charter Income Trust Stock Down 0.5%

Shares of MCR traded down $0.03 during mid-day trading on Friday, hitting $6.07. 45,132 shares of the stock were exchanged, compared to its average volume of 83,519. MFS Charter Income Trust has a 52-week low of $5.57 and a 52-week high of $6.58. The firm has a 50-day moving average of $6.25 and a two-hundred day moving average of $6.32.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.