MFS Municipal Income Trust (NYSE:MFM) Increases Dividend to $0.02 Per Share

MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be given 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 MFM stock opened at $5.36 on Wednesday. The firm’s 50 day moving average is $5.24 and its 200 day moving average is $5.24. MFS Municipal Income Trust has a 12 month low of $4.37 and a 12 month high of $5.48.

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.