TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
In a challenging economic climate, MFS Charter Income Trust (MCR) stock has reached its 52-week low, dipping to $6.0 USD. The $252.56 million market cap fund maintains an attractive 8.6% dividend yield and boasts a moderate beta of 0.69, indicating lower volatility compared to the broader market. InvestingPro data reveals the fund has maintained dividend payments for 19 consecutive years, demonstrating remarkable consistency for income investors. This latest price point appears to present an interesting opportunity, as InvestingPro data shows the fund has actually delivered an 8.17% total return over the past year when including distributions. Trading at a P/E ratio of 8.36, investors are closely monitoring MCR as it navigates through the current market conditions. The 52-week low serves as a critical indicator for potential investors seeking entry points, while existing shareholders consider the implications of the fund’s recent trajectory. Unlock 4 additional InvestingPro Tips and comprehensive financial metrics to make more informed investment decisions.
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