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

MFS Municipal Income Trust (NYSE:MFM) announced a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0215 per share by the closed-end fund on Friday, February 28th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Tuesday, February 18th.

MFS Municipal Income Trust Stock Performance

Shares of MFM traded up $0.04 on Tuesday, reaching $5.44. 91,296 shares of the company’s stock traded hands, compared to its average volume of 90,018. The stock’s 50 day simple moving average is $5.45 and its two-hundred day simple moving average is $5.54. MFS Municipal Income Trust has a 52-week low of $5.05 and a 52-week high of $5.78.

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.