MFS Municipal Income Trust (MFM) to Issue Monthly Dividend of $0.02 on July 31st

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 0.0215 per share by the closed-end fund on Wednesday, July 31st. This represents a $0.26 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, July 16th. This is a positive change from MFS Municipal Income Trust’s previous monthly dividend of $0.02.

MFS Municipal Income Trust Stock Performance

Shares of NYSE MFM opened at $5.36 on Wednesday. MFS Municipal Income Trust has a one year low of $4.37 and a one year high of $5.48. The business has a fifty day simple moving average of $5.24 and a 200 day simple moving average of $5.24.

About MFS Municipal Income Trust

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.