MFS Charter Income Trust (NYSE:MCR) Increases Dividend to $0.05 Per Share

MFS Charter Income Trust (NYSE:MCRGet Free Report) announced a monthly dividend on Thursday, February 1st, Zacks reports. Stockholders of record on Wednesday, February 14th will be paid a dividend of 0.046 per share by the financial services provider on Thursday, February 29th. This represents a $0.55 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.05.

MFS Charter Income Trust has decreased its dividend by an average of 8.1% per year over the last three years and has increased its dividend every year for the last 1 years.

MFS Charter Income Trust Stock Down 0.6 %

MCR stock opened at $6.40 on Monday. The stock has a 50-day simple moving average of $6.41 and a two-hundred day simple moving average of $6.14. MFS Charter Income Trust has a twelve month low of $5.63 and a twelve month high of $6.85.

Hedge Funds Weigh In On MFS Charter Income Trust

Several hedge funds have recently made changes to their positions in MCR. Morgan Stanley boosted its holdings in MFS Charter Income Trust by 3.2% in the fourth quarter. Morgan Stanley now owns 7,910,049 shares of the financial services provider’s stock worth $48,647,000 after acquiring an additional 247,999 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of MFS Charter Income Trust by 13.0% in the 4th quarter. Wells Fargo & Company MN now owns 403,027 shares of the financial services provider’s stock valued at $2,479,000 after purchasing an additional 46,396 shares during the last quarter. Cetera Advisor Networks LLC bought a new stake in shares of MFS Charter Income Trust during the 1st quarter worth approximately $337,000. Raymond James & Associates lifted its stake in shares of MFS Charter Income Trust by 84.1% during the 1st quarter. Raymond James & Associates now owns 86,057 shares of the financial services provider’s stock worth $632,000 after acquiring an additional 39,317 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of MFS Charter Income Trust by 14.1% during the 4th quarter. Bank of America Corp DE now owns 228,227 shares of the financial services provider’s stock worth $1,404,000 after acquiring an additional 28,272 shares during the last quarter.

About MFS Charter Income Trust

(Get Free Report)

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.

See Also

Dividend History for MFS Charter Income Trust (NYSE:MCR)

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