MFS Charter Income Trust to Issue Monthly Dividend of $0.06 (MCR)
MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Friday, March 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, March 14th will be paid a dividend of 0.0602 per share by the financial services provider on Thursday, March 29th. This represents a $0.72 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Tuesday, March 13th.
MFS Charter Income Trust has raised its dividend payment by an average of 4.6% per year over the last three years.
Shares of MFS Charter Income Trust (NYSE:MCR) traded down $0.07 during mid-day trading on Friday, hitting $8.18. The stock had a trading volume of 128,348 shares, compared to its average volume of 146,756. MFS Charter Income Trust has a twelve month low of $8.00 and a twelve month high of $8.76.
MFS Charter Income Trust (Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. The Fund normally invests in debt instruments. The Fund also invests in corporate bonds of the United States and/or foreign issuers, the United States Government securities, foreign government securities, mortgage-backed and other asset-backed securities and/or debt instruments of issuers located in emerging market countries.
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