MFS Municipal Income Fund About To Put More Money In Your Pocket (MFM)

Looking at the universe of stocks we cover at Dividend Channel, on 1/14/14, MFS Municipal Income Fund ( MFM) will trade ex-dividend, for its monthly dividend of $0.035, payable on 1/31/14. As a percentage of MFM's recent stock price of $6.29, 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 1/14/14.

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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 6.68% 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:

MFS Municipal Income Fund 200 Day Moving Average Chart

Looking at the chart above, MFM's low point in its 52 week range is $5.87 per share, with $8.04 as the 52 week high point — that compares with a last trade of $6.30.

In Friday trading, MFS Municipal Income Fund shares are currently up about 0.3% on the day.

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