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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be paid 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 4.68%. The ex-dividend date is Tuesday, March 18th.

MFS Municipal Income Trust Stock Down 1.4 %

Shares of NYSE MFM traded down $0.08 during trading hours on Tuesday, reaching $5.51. The stock had a trading volume of 127,788 shares, compared to its average volume of 94,292. MFS Municipal Income Trust has a fifty-two week low of $5.05 and a fifty-two week high of $5.78. The firm has a 50-day moving average of $5.42 and a 200-day moving average of $5.55.

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.