MFS Municipal Income Trust Dividend
Dividend criteria checks 1/6
MFS Municipal Income Trust is a dividend paying company with a current yield of 4.21%. Next payment date is on 31st May, 2024 with an ex-dividend date of 14th May, 2024.
Key information
4.2%
Dividend yield
764%
Payout ratio
| Industry average yield | 2.3% |
| Next dividend pay date | 31 May 24 |
| Ex dividend date | 14 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$0.028 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Recent updates
MFS Municipal Income Trust raises by dividend 8.6% to $0.019
Feb 03MFS Municipal Income Trust declares $0.0175 dividend
Jan 03MFS Municipal Income Trust monthly dividend declines by -5.1% to $0.0185 /share
Nov 03MFS Municipal Income Trust declares $0.0195 dividend
Sep 01MFS Municipal Income Trust declares $0.0205 dividend
Aug 02MFS Municipal Income Trust declares $0.0205 dividend
Jul 05MFS Municipal Income Trust declares $0.026 dividend
May 10MFS Municipal Income Trust declares $0.026 dividend
Feb 04MFS Municipal Income Trust declares $0.026 dividend
Jan 05MFS Municipal Income Trust declares $0.026 dividend
Nov 03Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MFM's dividend payments have been volatile in the past 10 years.
Growing Dividend: MFM's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| MFS Municipal Income Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MFM) | 4.2% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Capital Markets) | 2.3% |
| Analyst forecast in 3 Years (MFM) | n/a |
Notable Dividend: MFM's dividend (4.21%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: MFM's dividend (4.21%) is low compared to the top 25% of dividend payers in the US market (4.72%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (763.6%), MFM's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (100.5%), MFM's dividend payments are not well covered by cash flows.