Mfs Muni Inc Tr (NYSE:MFM) Increases Dividend to $0.03 Per Share

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.03 per share by the closed-end fund on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Tuesday, June 23rd. This is a 25.0% increase from Mfs Muni Inc Tr’s previous monthly dividend of $0.02.

Mfs Muni Inc Tr Stock Up 0.3%

Shares of MFM stock opened at $5.40 on Wednesday. Mfs Muni Inc Tr has a 1 year low of $5.03 and a 1 year high of $5.67. The firm’s fifty day simple moving average is $5.39 and its 200 day simple moving average is $5.42.

Mfs Muni Inc Tr Company Profile

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.