MFS Municipal Income Trust (MFM) to Issue Monthly Dividend of $0.02 on March 31st

MFS Municipal Income Trust (NYSE:MFM) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.0215 per share by the closed-end fund on Monday, March 31st. This represents a $0.26 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Tuesday, March 18th.

MFS Municipal Income Trust Stock Performance

NYSE MFM opened at $5.42 on Friday. MFS Municipal Income Trust has a one year low of $5.05 and a one year high of $5.78. The firm’s fifty day moving average is $5.44 and its two-hundred day moving average is $5.54.

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.