MFS Charter Income Trust (NYSE:MCR) Declares Monthly Dividend of $0.04

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Monday, March 2nd. Investors of record on Tuesday, March 17th will be given a dividend of 0.045 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Tuesday, March 17th.

MFS Charter Income Trust Stock Down 0.5%

Shares of NYSE MCR opened at $6.07 on Friday. MFS Charter Income Trust has a 12-month low of $5.57 and a 12-month high of $6.58. The company has a 50-day moving average of $6.25 and a 200 day moving average of $6.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new stake in shares of MFS Charter Income Trust in the first quarter valued at approximately $34,000. Invesco Ltd. lifted its position in MFS Charter Income Trust by 0.8% during the second quarter. Invesco Ltd. now owns 517,874 shares of the financial services provider’s stock worth $3,294,000 after buying an additional 4,047 shares in the last quarter. Bank of America Corp DE boosted its stake in MFS Charter Income Trust by 0.6% during the second quarter. Bank of America Corp DE now owns 334,847 shares of the financial services provider’s stock worth $2,130,000 after buying an additional 2,034 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in MFS Charter Income Trust during the second quarter worth $70,000. Finally, Osaic Holdings Inc. grew its holdings in MFS Charter Income Trust by 37.6% in the 2nd quarter. Osaic Holdings Inc. now owns 71,077 shares of the financial services provider’s stock valued at $452,000 after buying an additional 19,412 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.