MFS Charter Income Trust (NYSE:MCR) to Issue $0.04 Monthly Dividend

MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0449 per share by the financial services provider on Friday, February 28th. This represents a $0.54 annualized dividend and a yield of 8.39%. The ex-dividend date of this dividend is Tuesday, February 18th.

MFS Charter Income Trust has raised its dividend payment by an average of 9.7% annually over the last three years.

MFS Charter Income Trust Stock Performance

NYSE MCR traded up $0.03 during trading hours on Tuesday, hitting $6.43. The company had a trading volume of 31,424 shares, compared to its average volume of 68,165. The business has a 50 day moving average of $6.31 and a 200-day moving average of $6.36. MFS Charter Income Trust has a 1-year low of $6.01 and a 1-year high of $6.58.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.