MFS Charter Income Trust (NYSE:MCR) to Issue $0.04 Monthly Dividend

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.0449 per share by the financial services provider on Friday, February 28th. This represents a $0.54 annualized dividend and a yield of 8.39%. The ex-dividend date of this dividend is Tuesday, February 18th.

MFS Charter Income Trust has increased its dividend payment by an average of 9.7% per year over the last three years.

MFS Charter Income Trust Stock Up 0.4 %

MFS Charter Income Trust stock traded up $0.03 during midday trading on Tuesday, hitting $6.43. 31,424 shares of the company’s stock were exchanged, compared to its average volume of 68,165. MFS Charter Income Trust has a 12 month low of $6.01 and a 12 month high of $6.58. The firm has a 50-day moving average of $6.31 and a two-hundred day moving average of $6.36.

MFS Charter Income Trust Company Profile

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.