MFS Charter Income Trust (MCR) to Issue Monthly Dividend of $0.04 on June 15th

MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Friday, May 29th. Investors of record on Monday, June 8th will be given a dividend of 0.0437 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Monday, June 8th.

MFS Charter Income Trust Stock Performance

MFS Charter Income Trust stock opened at $5.93 on Friday. MFS Charter Income Trust has a 1-year low of $5.84 and a 1-year high of $6.58. The stock’s 50 day moving average price is $6.00 and its 200 day moving average price is $6.16.

Institutional Trading of MFS Charter Income Trust

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of MFS Charter Income Trust by 2.9% in the first quarter. Bank of America Corp DE now owns 381,610 shares of the financial services provider’s stock valued at $2,313,000 after buying an additional 10,869 shares in the last quarter. Ashton Thomas Securities LLC boosted its position in MFS Charter Income Trust by 9.0% during the first quarter. Ashton Thomas Securities LLC now owns 96,650 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 8,000 shares in the last quarter. Rivernorth Capital Management LLC purchased a new stake in MFS Charter Income Trust during the first quarter worth $1,873,000. Waverly Advisors LLC boosted its position in MFS Charter Income Trust by 28.9% during the first quarter. Waverly Advisors LLC now owns 46,809 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 10,501 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in MFS Charter Income Trust by 6.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,362,242 shares of the financial services provider’s stock worth $8,255,000 after purchasing an additional 87,191 shares in the last quarter.

About MFS Charter Income Trust

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.