MFS Charter Income Trust (NYSE:MCR) Plans Dividend Increase – $0.05 Per Share

MFS Charter Income Trust (NYSE:MCR) declared a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.0466 per share by the financial services provider on Thursday, October 31st. This represents a $0.56 annualized dividend and a dividend yield of 8.50%. The ex-dividend date is Tuesday, October 15th. This is a positive change from MFS Charter Income Trust’s previous monthly dividend of $0.05.

MFS Charter Income Trust has decreased its dividend by an average of 2.9% per year over the last three years.

MFS Charter Income Trust Price Performance

NYSE MCR opened at $6.57 on Thursday. MFS Charter Income Trust has a one year low of $5.63 and a one year high of $6.70. The business has a 50 day simple moving average of $6.41 and a 200 day simple moving average of $6.31.

MFS Charter Income Trust Company Profile

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S.