Mfs Muni Inc Tr (NYSE:MFM) Declares Monthly Dividend of $0.03

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.03 per share by the closed-end fund on Monday, November 30th. This represents a $0.36 annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, November 20th.

Mfs Muni Inc Tr Stock Performance

MFM traded down $0.03 during midday trading on Wednesday, reaching $5.13. 19,325 shares of the company’s stock were exchanged, compared to its average volume of 241,819. The business’s 50-day moving average price is $5.08 and its 200 day moving average price is $5.35. Mfs Muni Inc Tr has a 1-year low of $4.75 and a 1-year high of $5.67.

About Mfs Muni Inc Tr

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 regular federal income tax by investing primarily in municipal securities issued by states, municipalities and other public entities in the United States. Its portfolio may include bonds financing public infrastructure and essential services, such as education, transportation, utilities, health care and other governmental projects.