Cash Dividend On The Way From MFS Municipal Income Fund (MFM)

Looking at the universe of stocks we cover at Dividend Channel, on 5/12/15, MFS Municipal Income Fund (MFM) will trade ex-dividend, for its monthly dividend of $0.033, payable on 5/29/15. As a percentage of MFM's recent stock price of $6.61, this dividend works out to approximately 0.50%.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for MFM, showing historical dividends prior to the most recent $0.033 declared by MFS Municipal Income Fund:

MFM+Dividend+History+Chart

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 5.99% 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 $6.26 per share, with $7.01 as the 52 week high point — that compares with a last trade of $6.61.

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

More from Stocks

12 Stocks That Make Up the GLUM Index

12 Stocks That Make Up the GLUM Index

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Worth a Stunning $6.6 Trillion, Tech Stocks Have Taken Over the Market

Worth a Stunning $6.6 Trillion, Tech Stocks Have Taken Over the Market

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Here's Why Snap Shares Climbed Monday

Here's Why Snap Shares Climbed Monday