Shares of MFS Municipal Income Trust (NYSE:MFM – Get Rating) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.91 and traded as low as $4.87. MFS Municipal Income Trust shares last traded at $4.99, with a volume of 609,162 shares changing hands.
MFS Municipal Income Trust Stock Up 0.4 %
The firm’s 50 day moving average is $4.91 and its 200-day moving average is $5.35.
MFS Municipal Income Trust Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be paid a $0.0185 dividend. This represents a $0.22 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Tuesday, November 15th.
Institutional Investors Weigh In On MFS Municipal Income Trust
About MFS Municipal Income Trust
MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.
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