MFS Municipal Income Trust (MFM) to Issue Monthly Dividend of $0.02 on November 29th

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Friday, November 1st,Wall Street Journal reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.0215 per share by the closed-end fund on Friday, November 29th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, November 12th.

MFS Municipal Income Trust Stock Performance

Shares of MFM opened at $5.57 on Friday. The firm has a 50-day simple moving average of $5.65 and a two-hundred day simple moving average of $5.45. MFS Municipal Income Trust has a 1-year low of $4.63 and a 1-year high of $5.78.

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.