Aberdeen Municipal Income Fund increases its monthly payout to $0.030, lifting the forward yield to 6.69%.
Aberdeen Municipal Income Fund (MFM) announced a 25% increase in its monthly dividend to $0.030 per share, up from $0.024. The move raises the fund’s forward yield to 6.69%.
The prior dividend stood at $0.024 per share, with no increase reported in the previous period. The new payout will be distributed on June 30 to shareholders of record as of June 23, with an ex-dividend date also set for June 23.
The fund’s dividend growth and yield metrics are detailed in its Dividend Scorecard and Yield Chart.