Shares of MFS Charter Income Trust (NYSE:MCR) reached a new 52-week low on Tuesday . The company traded as low as $8.01 and last traded at $8.02, with a volume of 107250 shares. The stock had previously closed at $8.09.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.061 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.73 dividend on an annualized basis and a yield of 9.12%.

A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in MFS Charter Income Trust by 3.3% in the 3rd quarter. Wells Fargo & Company MN now owns 1,530,238 shares of the financial services provider’s stock valued at $13,267,000 after buying an additional 49,088 shares during the last quarter. Sit Investment Associates Inc. grew its holdings in MFS Charter Income Trust by 2.5% in the 4th quarter. Sit Investment Associates Inc. now owns 1,143,148 shares of the financial services provider’s stock valued at $9,694,000 after buying an additional 27,990 shares during the period. Shaker Financial Services LLC grew its holdings in MFS Charter Income Trust by 54.9% in the 3rd quarter. Shaker Financial Services LLC now owns 297,142 shares of the financial services provider’s stock valued at $2,576,000 after buying an additional 105,293 shares during the period. Stifel Financial Corp grew its holdings in MFS Charter Income Trust by 10.7% in the 3rd quarter. Stifel Financial Corp now owns 233,181 shares of the financial services provider’s stock valued at $2,026,000 after buying an additional 22,518 shares during the period. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in MFS Charter Income Trust in the 4th quarter valued at about $879,000.

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About MFS Charter Income Trust

MFS Charter Income Trust (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 normally invests in debt instruments. The Fund also invests 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 and/or debt instruments of issuers located in emerging market countries.

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