MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Tuesday, October 4th. Investors of record on Thursday, October 20th will be paid a dividend of 0.0631 per share on Monday, October 31st. This represents a $0.76 annualized dividend and a dividend yield of 8.85%. The ex-dividend date of this dividend is Tuesday, October 18th.
Shares of MFS Charter Income Trust (NYSE:MCR) traded down 1.15% during mid-day trading on Tuesday, hitting $8.56. The company had a trading volume of 129,582 shares. MFS Charter Income Trust has a 1-year low of $7.27 and a 1-year high of $8.75. The company has a 50-day moving average price of $8.61 and a 200-day moving average price of $8.43.
Several hedge funds have recently modified their holdings of MCR. Fiera Capital Corp acquired a new stake in shares of MFS Charter Income Trust during the second quarter valued at approximately $124,000. First Allied Advisory Services Inc. raised its stake in shares of MFS Charter Income Trust by 73.0% in the second quarter. First Allied Advisory Services Inc. now owns 21,078 shares of the company’s stock valued at $178,000 after buying an additional 8,892 shares in the last quarter. Finally, Advisor Group Inc. acquired a new stake in shares of MFS Charter Income Trust during the second quarter valued at approximately $347,000.
Separately, Paradigm Capital decreased their price objective on MFS Charter Income Trust from C$3.00 to C$2.00 and set a “buy” rating for the company in a report on Friday, August 19th.
About MFS Charter Income Trust
MFS Charter Income Trust (the 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 invests its assets primarily in debt instruments. Its assets are also invested 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 of the United States and/or foreign issuers, and/or debt instruments of issuers located in emerging market countries.
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