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

Mfs Muni Inc Tr (NYSE:MFM) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Monday, August 24th will be given a dividend of 0.03 per share by the closed-end fund on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, August 24th.

Mfs Muni Inc Tr Trading Up 1.1%

Shares of MFM traded up $0.06 during mid-day trading on Wednesday, reaching $5.45. The company had a trading volume of 68,259 shares, compared to its average volume of 154,255. Mfs Muni Inc Tr has a twelve month low of $5.03 and a twelve month high of $5.67. The company’s 50-day moving average is $5.49 and its 200-day moving average is $5.45.

About Mfs Muni Inc Tr

MFS Municipal Income Trust (NYSE: MFM) is a closed-end management investment company that seeks to provide shareholders with a high level of income exempt from federal income tax. The trust primarily invests in a diversified portfolio of municipal securities, including both general obligation and revenue bonds issued by U.S. states, territories and municipalities. Its shares trade on the New York Stock Exchange, offering investors access to a professionally managed municipal bond portfolio within a single, publicly traded vehicle.

At least 80% of the trust’s total assets are allocated to investment-grade municipal debt, with the flexibility to invest up to 20% in non-investment grade or unrated securities when market conditions warrant.