MFS Municipal Income Trust
MFMFinancial Services · Stock · monthly payer
$5.40
Add to PortfolioForward Yield
5.33%
Annual Dividend
$0.29
Payout Ratio
210%
5-Yr Growth
-2.3%
Ex-Date
May 19, 2026
Frequency
Monthly
MFM Dividend Safety Score
56/ 100
Grade C
Borderline
Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage210% of earnings paid out
Balance-sheet strengthDebt/equity of 0.46
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is MFM a good dividend stock?
MixedMFS Municipal Income Trust (MFM) pays a monthly dividend yielding 5.33% ($0.29/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (210%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.33%
- Payout Ratio
- 210%
- Annual Dividend
- $0.29
- 5-Yr Avg Growth
- -2.3%
- Ex-Dividend Date
- May 19, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.68
- Market Cap
- $222.4M
- P/E Ratio
- 41.5
- 5-Yr Total Return
- -24%
- 52-Week Range
- $5.03 – $5.67
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $0.0240 | regular |
| Apr 14, 2026 | — | $0.0240 | regular |
| Mar 17, 2026 | — | $0.0240 | regular |
| Feb 17, 2026 | — | $0.0240 | regular |
| Jan 20, 2026 | — | $0.0240 | regular |
| Dec 16, 2025 | — | $0.0240 | regular |
| Nov 18, 2025 | — | $0.0240 | regular |
| Oct 14, 2025 | — | $0.0240 | regular |
| Sep 16, 2025 | — | $0.0240 | regular |
| Aug 19, 2025 | — | $0.0240 | regular |
| Jul 15, 2025 | — | $0.0240 | regular |
| Jun 17, 2025 | — | $0.0240 | regular |
| May 13, 2025 | — | $0.0220 | regular |
| Apr 15, 2025 | — | $0.0220 | regular |
Income Calculator
At $0.29 / yr per share
Per payment (monthly)$2.42
Annual$29.00
Monthly avg$2.42
