MFS Municipal Income Trust (NYSE:MFM) Declares Monthly Dividend of $0.02

MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0215 per share by the closed-end fund on Wednesday, April 30th. This represents a $0.26 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Tuesday, April 15th.

MFS Municipal Income Trust Price Performance

Shares of NYSE MFM opened at $5.37 on Thursday. MFS Municipal Income Trust has a 1 year low of $5.05 and a 1 year high of $5.78. The company’s fifty day moving average price is $5.44 and its 200 day moving average price is $5.51.

MFS Municipal Income Trust Company Profile

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.