Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) declared a monthly dividend on Friday, July 10th. Investors of record on Thursday, July 23rd will be paid a dividend of 0.03 per share by the closed-end fund on Friday, July 31st. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, July 23rd.
Mfs Muni Inc Tr Trading Down 0.4%
Shares of MFM stock opened at $5.56 on Tuesday. The firm’s fifty day moving average price is $5.48 and its two-hundred day moving average price is $5.45. Mfs Muni Inc Tr has a 1 year low of $5.03 and a 1 year high of $5.67.
Mfs Muni Inc Tr Company Profile
MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.
At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.
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