Looking at the universe of stocks we cover at Dividend Channel, on 2/18/14, MFS Municipal Income Fund (MFM) will trade ex-dividend, for its monthly dividend of $0.035, payable on 2/28/14. As a percentage of MFM's recent stock price of $6.37, this dividend works out to approximately 0.55%, so look for shares of MFS Municipal Income Fund to trade 0.55% lower — all else being equal — when MFM shares open for trading on 2/18/14.
Below is a dividend history chart for MFM, showing historical dividends prior to the most recent $0.035 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 6.59% 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 $5.87 per share, with $7.82 as the 52 week high point — that compares with a last trade of $6.37.
In Friday trading, MFS Municipal Income Fund shares are currently down about 0.2% on the day.