Ex-Div Reminder For MFS Municipal Income Fund (MFM)

Looking at the universe of stocks we cover at Dividend Channel, on 6/16/15, MFS Municipal Income Fund ( MFM) will trade ex-dividend, for its monthly dividend of $0.033, payable on 6/30/15. As a percentage of MFM's recent stock price of $6.43, this dividend works out to approximately 0.51%, so look for shares of MFS Municipal Income Fund to trade 0.51% lower — all else being equal — when MFM shares open for trading on 6/16/15.

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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 6.16% 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 $6.43.

In Friday trading, MFS Municipal Income Fund shares are currently down about 0.1% on the day.

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