MFS Charter Income Trust (NYSE:MCR) announced a monthly dividend on Tuesday, October 4th. Stockholders of record on Thursday, October 20th will be given a dividend of 0.0631 per share on Monday, October 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.85%. The ex-dividend date is Tuesday, October 18th.
Shares of MFS Charter Income Trust (NYSE:MCR) opened at 8.56 on Wednesday. The stock’s 50 day moving average price is $8.60 and its 200-day moving average price is $8.43. MFS Charter Income Trust has a 52-week low of $7.27 and a 52-week high of $8.75.
Separately, Paradigm Capital dropped their price objective on shares of MFS Charter Income Trust from C$3.00 to C$2.00 and set a “buy” rating for the company in a research note on Friday, August 19th.
Hedge funds have recently made changes to their positions in the company. Fiera Capital Corp purchased a new stake in shares of MFS Charter Income Trust during the second quarter worth about $124,000. First Allied Advisory Services Inc. raised its position in shares of MFS Charter Income Trust by 73.0% in the second quarter. First Allied Advisory Services Inc. now owns 21,078 shares of the company’s stock worth $178,000 after buying an additional 8,892 shares during the period. Finally, Advisor Group Inc. bought a new position in shares of MFS Charter Income Trust during the second quarter worth $347,000.
MFS Charter Income Trust Company Profile
MFS Charter Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. The Fund invests its assets primarily in debt instruments. Its assets are also invested in corporate bonds of the United States and/or foreign issuers, the United States government securities, foreign government securities, mortgage-backed and other asset-backed securities of the United States and/or foreign issuers, and/or debt instruments of issuers located in emerging market countries.
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