Looking at the universe of stocks we cover at Dividend Channel, on 7/16/13, MFS Municipal Income Fund (MFM) will trade ex-dividend, for its monthly dividend of $0.037, payable on 7/31/13. As a percentage of MFM's recent stock price of $6.63, this dividend works out to approximately 0.56%, so look for shares of MFS Municipal Income Fund to trade 0.56% lower — all else being equal — when MFM shares open for trading on 7/16/13.
Below is a dividend history chart for MFM, showing historical dividends prior to the most recent $0.037 declared by MFS Municipal Income Fund:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MFM is likely to continue, and whether the current estimated yield of 6.70% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MFM shares, versus its 200 day moving average:Looking at the chart above, MFM's low point in its 52 week range is $6.32 per share, with $8.34 as the 52 week high point — that compares with a last trade of $6.68.
In Friday trading, MFS Municipal Income Fund shares are currently off about 0.8% on the day.