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

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.0452 per share by the financial services provider on Monday, March 31st. This represents a $0.54 annualized dividend and a yield of 8.48%. The ex-dividend date is Tuesday, March 18th. This is an increase from MFS Charter Income Trust’s previous monthly dividend of $0.04.

MFS Charter Income Trust has increased its dividend payment by an average of 3.9% annually over the last three years.

MFS Charter Income Trust Price Performance

Shares of MCR stock traded down $0.05 during trading hours on Tuesday, hitting $6.39. 79,820 shares of the company’s stock were exchanged, compared to its average volume of 72,898. MFS Charter Income Trust has a 52 week low of $6.01 and a 52 week high of $6.58. The stock’s 50-day moving average is $6.35 and its 200-day moving average is $6.37.

About MFS Charter Income Trust

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.