MFS Municipal Income Trust (NYSE:MFM) Receiving Somewhat Positive Media Coverage, Report Finds

Press coverage about MFS Municipal Income Trust (NYSE:MFM) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MFS Municipal Income Trust earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the closed-end fund an impact score of 47.2491637877829 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

MFS Municipal Income Trust (MFM) traded down 0.28% during mid-day trading on Friday, reaching $7.18. The company’s stock had a trading volume of 61,695 shares. MFS Municipal Income Trust has a 12 month low of $6.51 and a 12 month high of $7.54. The stock’s 50 day moving average is $7.24 and its 200 day moving average is $7.08.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend is Tuesday, August 15th.

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MFS Municipal Income Trust Company Profile

MFS Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds.

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