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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
04/15/2024 |
$5.16 |
$5.16 |
$5.10 |
$5.13 |
93.90K | 04/16/2024 |
$5.09 |
$5.14 |
$5.08 |
$5.10 |
79.20K | 04/17/2024 |
$5.16 |
$5.16 |
$5.11 |
$5.12 |
56.10K | 04/18/2024 |
$5.11 |
$5.13 |
$5.10 |
$5.12 |
17.80K | 04/19/2024 |
$5.13 |
$5.14 |
$5.11 |
$5.11 |
39.00K |
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MFS Municipal Income Trust is a diversified closed-end management investment company. The Fund's investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, under normal market conditions, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds (debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia, and their political subdivisions, agencies, or instrumentalities, the interest on which is exempt from federal income tax). | |
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MFS Municipal Income Fund (MFM) has the following price history information. Looking back at MFM historical stock prices for the last five trading days, on April 15, 2024, MFM opened at $5.16, traded as high as $5.16 and as low as $5.10, and closed at $5.13. Trading volume was a total of 93.90K shares. On April 16, 2024, MFM opened at $5.09, traded as high as $5.14 and as low as $5.08, and closed at $5.10. Trading volume was a total of 79.20K shares. On April 17, 2024, MFM opened at $5.16, traded as high as $5.16 and as low as $5.11, and closed at $5.12. Trading volume was a total of 56.10K shares. On April 18, 2024, MFM opened at $5.11, traded as high as $5.13 and as low as $5.10, and closed at $5.12. Trading volume was a total of 17.80K shares. On April 19, 2024, MFM opened at $5.13, traded as high as $5.14 and as low as $5.11, and closed at $5.11. Trading volume was a total of 39.00K shares.
MFM Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into MFS Municipal Income Fund shares, starting with a $10,000 purchase of MFM, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$6.49 |
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End price/share: |
$5.11 |
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Starting shares: |
1,540.83 |
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Ending shares: |
2,564.28 |
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Dividends reinvested/share: |
$3.30 |
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Total return: |
31.03% |
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Average Annual Total Return: |
2.74% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,103.75 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$6.49 |
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End price/share: |
$5.11 |
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Dividends collected/share: |
$3.30 |
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Total return: |
29.58% |
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Average Annual Total Return: |
2.62% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,951.50 |
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Years: |
10.00 |
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Date |
Close |
04/15/2024 | $5.13 | 04/16/2024 | $5.10 | 04/17/2024 | $5.12 | 04/18/2024 | $5.12 | 04/19/2024 | $5.11 |
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