MFS Municipal Income Trust (NYSE:MFM – Get Free Report) announced a monthly dividend on Thursday, February 1st, NASDAQ reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.0195 per share by the closed-end fund on Thursday, February 29th. This represents a $0.23 annualized dividend and a yield of 4.49%. The ex-dividend date is Tuesday, February 13th. This is an increase from MFS Municipal Income Trust’s previous monthly dividend of $0.02.
MFS Municipal Income Trust Trading Down 1.0 %
Shares of NYSE:MFM traded down $0.05 during trading on Friday, hitting $5.21. The stock had a trading volume of 180,995 shares, compared to its average volume of 124,294. MFS Municipal Income Trust has a 12-month low of $4.37 and a 12-month high of $5.47. The stock has a 50-day simple moving average of $5.16 and a two-hundred day simple moving average of $4.96.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MFM. Graves Light Lenhart Wealth Inc. purchased a new position in MFS Municipal Income Trust during the first quarter valued at approximately $33,000. Silverlake Wealth Management LLC purchased a new position in MFS Municipal Income Trust during the fourth quarter valued at approximately $59,000. Nomura Holdings Inc. purchased a new position in MFS Municipal Income Trust during the second quarter valued at approximately $63,000. Creative Planning purchased a new stake in shares of MFS Municipal Income Trust in the third quarter valued at approximately $67,000. Finally, Chicago Partners Investment Group LLC increased its position in shares of MFS Municipal Income Trust by 48.0% in the first quarter. Chicago Partners Investment Group LLC now owns 14,800 shares of the closed-end fund’s stock valued at $80,000 after buying an additional 4,800 shares in the last quarter.
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.
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