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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.0205 per share by the closed-end fund on Friday, May 31st. This represents a $0.25 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Tuesday, May 14th.

MFS Municipal Income Trust has decreased its dividend payment by an average of 12.1% annually over the last three years.

MFS Municipal Income Trust Stock Up 0.8 %

MFM stock traded up $0.04 during midday trading on Friday, hitting $5.14. The company’s stock had a trading volume of 98,065 shares, compared to its average volume of 95,526. MFS Municipal Income Trust has a twelve month low of $4.37 and a twelve month high of $5.48. The company’s fifty day moving average price is $5.23 and its 200 day moving average price is $5.10.

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.