Mfs Muni Inc Tr (MFM) to Distribute Monthly Dividend of $0.03 on October 30th

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Friday, October 9th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.03 per share by the closed-end fund on Friday, October 30th. This represents a $0.36 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Friday, October 23rd.

Mfs Muni Inc Tr Trading Up 0.3%

Shares of MFM traded up $0.01 during mid-day trading on Wednesday, reaching $5.12. The stock had a trading volume of 77,474 shares, compared to its average volume of 230,679. Mfs Muni Inc Tr has a 52-week low of $4.75 and a 52-week high of $5.67. The business’s fifty day moving average is $5.15 and its 200 day moving average is $5.34.

Mfs Muni Inc Tr Company Profile

MFS Muni Inc Tr, also known as MFS Municipal Income Trust, is a closed-end investment company listed on the New York Stock Exchange under the symbol MFM. The trust seeks to provide current income that is exempt from federal income tax by investing primarily in municipal bonds and other municipal securities.

The portfolio may include obligations issued by states, municipalities, and other public entities across the United States. These securities generally finance public infrastructure and essential services, such as schools, transportation systems, utilities, hospitals, and other community projects.