Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) announced a monthly dividend on Friday, July 10th. Shareholders of record on Thursday, July 23rd will be paid a dividend of 0.03 per share by the closed-end fund on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Thursday, July 23rd.
Mfs Muni Inc Tr Price Performance
Shares of NYSE MFM opened at $5.56 on Tuesday. The company’s fifty day simple moving average is $5.48 and its 200 day simple moving average is $5.45. Mfs Muni Inc Tr has a 12-month low of $5.03 and a 12-month high of $5.67.
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.
Featured Stories
- Five stocks we like better than Mfs Muni Inc Tr
- Qualcomm Stock Slides 30%: Buying Opportunity Ahead of July 29 Earnings
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
Receive News & Ratings for Mfs Muni Inc Tr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mfs Muni Inc Tr and related companies with MarketBeat.com's FREE daily email newsletter.
