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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Tuesday, January 14th will be paid a dividend of 0.0215 per share by the closed-end fund on Friday, January 31st. This represents a $0.26 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Tuesday, January 14th.

MFS Municipal Income Trust Price Performance

Shares of MFM traded up $0.02 during trading hours on Friday, reaching $5.40. The company’s stock had a trading volume of 72,085 shares, compared to its average volume of 77,092. The company has a 50 day moving average of $5.53 and a two-hundred day moving average of $5.53. MFS Municipal Income Trust has a 1-year low of $5.05 and a 1-year high of $5.78.

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.