MFS Charter Income Trust (NYSE:MCR – Get Free Report) declared a monthly dividend on Friday, May 1st. Investors of record on Tuesday, May 19th will be given a dividend of 0.044 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a 0.1% increase from MFS Charter Income Trust’s previous monthly dividend of $0.04.
MFS Charter Income Trust Stock Down 0.8%
NYSE:MCR opened at $5.97 on Friday. The company has a 50 day moving average price of $6.04 and a 200 day moving average price of $6.20. MFS Charter Income Trust has a fifty-two week low of $5.84 and a fifty-two week high of $6.58.
Hedge Funds Weigh In On MFS Charter Income Trust
Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new position in shares of MFS Charter Income Trust during the 1st quarter worth approximately $34,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of MFS Charter Income Trust during the 2nd quarter worth approximately $70,000. Landscape Capital Management L.L.C. purchased a new position in shares of MFS Charter Income Trust during the 4th quarter worth approximately $73,000. Millennium Management LLC purchased a new position in shares of MFS Charter Income Trust during the 4th quarter worth approximately $76,000. Finally, Evolve Private Wealth LLC purchased a new position in shares of MFS Charter Income Trust during the 1st quarter worth approximately $79,000.
About MFS Charter Income Trust
MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.
The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.
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