Dividend of The Day: $0.06 dividends are now a reality for MFS Charter Income Trust (NYSE:MCR) shareholders. Here’s why.

Dividend of The Day: $0.06 dividends are now a reality for MFS Charter Income Trust (NYSE:MCR) shareholders. Here's why.

MFS Charter Income Trust (NYSE:MCR) is expected to pay $0.06 on Oct 31, 2016. The indicated annual dividend is $0.76. Shareholders owning the stock before Oct 18, 2016 will be eligible to receive the payout. Based on MFS Charter Income Trust’s current price of $8.47, the dividend is 0.74%. This dividend’s record date is Oct 20, 2016 and the announcement date is Oct 4, 2016. The stock last traded at $8.47 per share. It is down 4.31% since March 14, 2016 and is uptrending. It has underperformed by 1.30% the S&P500.

MFS Charter Income Trust is a diversified, closed-end management investment company. The company has a market cap of $450.69 million. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. It currently has negative earnings. The Fund invests its assets primarily in debt instruments.

Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.87, from 1.75 in 2016Q1. The ratio dropped, as 10 funds sold all MFS Charter Income Trust shares owned while 14 reduced positions. 8 funds bought stakes while 13 increased positions. They now own 14.35 million shares or 8.73% less from 15.72 million shares in 2016Q1.
Wfg Advisors L P holds 3,542 shares or 0.01% of its portfolio. First Allied Advisory holds 0.01% or 21,078 shares in its portfolio. Payden And Rygel holds 9,400 shares or 0.01% of its portfolio. Fifth Third Fincl Bank accumulated 0% or 10,800 shares. Guggenheim Limited has 0% invested in the company for 34,077 shares. Thomas J Herzfeld Advsr accumulated 0.02% or 5,000 shares. North Star holds 0% of its portfolio in MFS Charter Income Trust (NYSE:MCR) for 550 shares. & Mngmt Ltd has 0.03% invested in the company for 12,950 shares. Saba Capital Mgmt Lp holds 2.39% of its portfolio in MFS Charter Income Trust (NYSE:MCR) for 3.16M shares. Stifel Corp has invested 0.01% of its portfolio in MFS Charter Income Trust (NYSE:MCR). Invesco holds 0% of its portfolio in MFS Charter Income Trust (NYSE:MCR) for 679,873 shares. Ls Inv Ltd Company last reported 0% of its portfolio in the stock. Alphamark Limited Co holds 0% or 300 shares in its portfolio. Pnc Fin Grp last reported 18,603 shares in the company. Moreover, M&R Cap Mngmt Incorporated has 0.02% invested in MFS Charter Income Trust (NYSE:MCR) for 10,000 shares.

More notable recent MFS Charter Income Trust (NYSE:MCR) news were published by: Nasdaq.com which released: “MFS Charter Income Trust (MCR) Ex-Dividend Date Scheduled for July 19, 2016” on July 18, 2016, also Nasdaq.com with their article: “MFS Charter Income Trust (MCR) Ex-Dividend Date Scheduled for September 20, 2016” published on September 19, 2016, Businesswire.com published: “MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds” on September 26, 2016. More interesting news about MFS Charter Income Trust (NYSE:MCR) were released by: Forbes.com and their article: “Why Are Yield-Starved Investors Ignoring Closed-End Funds?” published on September 09, 2016 as well as Forbes.com‘s news article titled: “Best Cyber Monday Deal Could Be Closed-End Funds” with publication date: December 01, 2014.

MCR Company Profile

MFS Charter Income Trust (the Trust) is a closed-end diversified management investment firm that maintains a portfolio, which includes investments in investment-grade and high-yield corporate bonds, United States Government securities, and international investment-grade and markets debt. During the fiscal year ended November 30, 2006, the Trust provided a total return of 6.64% at net asset value.

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