Mfs Muni Inc Tr (NYSE:MFM – Get Free Report) declared a special dividend on Thursday, June 18th. Shareholders of record on Monday, June 29th will be paid a dividend of 0.024 per share by the closed-end fund on Tuesday, July 7th. The ex-dividend date of this dividend is Monday, June 29th.
Mfs Muni Inc Tr Price Performance
MFM stock opened at $5.54 on Friday. The company’s 50 day moving average is $5.42 and its two-hundred day moving average is $5.43. Mfs Muni Inc Tr has a twelve month low of $5.03 and a twelve month high of $5.67.
About Mfs Muni Inc Tr
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.
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