Mfs Muni Inc Tr (NYSE:MFM) Shares Will Pay Monthly Dividend of $0.03

Mfs Muni Inc Tr (NYSE:MFM) declared a monthly dividend on Friday, October 9th. Shareholders of record on Friday, October 23rd will be given 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 yield of 7.0%. The ex-dividend date is Friday, October 23rd.

Mfs Muni Inc Tr Trading Up 0.3%

MFM traded up $0.01 during trading on Wednesday, hitting $5.12. 63,525 shares of the stock were exchanged, compared to its average volume of 230,352. Mfs Muni Inc Tr has a 1-year low of $4.75 and a 1-year high of $5.67. The stock has a fifty day moving average price of $5.15 and a two-hundred day moving average price of $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.