MFS Charter Income Trust (MCR) to Issue Monthly Dividend of $0.04 on June 15th

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Friday, May 29th. Investors of record on Monday, June 8th will be paid a dividend of 0.0437 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Monday, June 8th.

MFS Charter Income Trust Stock Performance

Shares of NYSE MCR opened at $5.93 on Friday. MFS Charter Income Trust has a twelve month low of $5.84 and a twelve month high of $6.58. The company has a 50 day moving average of $6.00 and a 200 day moving average of $6.16.

Institutional Investors Weigh In On MFS Charter Income Trust

A number of hedge funds have recently added to or reduced their stakes in MCR. Sit Investment Associates Inc. raised its stake in MFS Charter Income Trust by 16.2% during the 4th quarter. Sit Investment Associates Inc. now owns 3,993,082 shares of the financial services provider’s stock valued at $25,037,000 after buying an additional 557,205 shares during the last quarter. Rivernorth Capital Management LLC purchased a new stake in MFS Charter Income Trust during the 1st quarter valued at $1,873,000. Riverbridge Partners LLC raised its stake in MFS Charter Income Trust by 89.9% during the 4th quarter. Riverbridge Partners LLC now owns 193,336 shares of the financial services provider’s stock valued at $1,212,000 after buying an additional 91,541 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in MFS Charter Income Trust by 6.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,362,242 shares of the financial services provider’s stock valued at $8,255,000 after buying an additional 87,191 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in MFS Charter Income Trust by 49.4% during the 4th quarter. Wells Fargo & Company MN now owns 210,837 shares of the financial services provider’s stock valued at $1,322,000 after buying an additional 69,758 shares during the last quarter.

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.