MFS Charter Income
MCRFinancial Services · Stock · monthly payer
Forward Yield
9.02%
Annual Dividend
$0.54
Payout Ratio
128%
5-Yr Growth
-5.0%
Ex-Date
Jun 8, 2026
Frequency
Monthly
Summary
As of July 2026, MFS Charter Income (MCR) yields 9.02% ($0.54 per share annually), with a blended fair-value estimate of $6.49 — +9% upside, so it screens as fairly valued. Dividend safety grade: C (51/100).
Is MCR a good dividend stock?
MixedMFS Charter Income (MCR) pays a monthly dividend yielding 9.02% ($0.54/yr), with 0 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 (128%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 9.02%
- Payout Ratio
- 128%
- Annual Dividend
- $0.54
- 5-Yr Avg Growth
- -5.0%
- Ex-Dividend Date
- Jun 8, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.64
- Market Cap
- $247.6M
- P/E Ratio
- 14.1
- 5-Yr Total Return
- —
- 52-Week Range
- $5.84 – $6.58
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
MCR Price — Last 12 Months
Daily close
Price Return
1 Year
—
3 Years
—
5 Years
—
52-Week Range
$5.84 – $6.58
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MCR worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for MFS Charter Income is $6.49 per share, versus a market price of $5.94. That implies the stock is roughly fairly priced.
Fair Value
$6.49
Current Price
$5.94
Gap
+9%
Margin of Safety
9%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.5% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.42 EPS, $0.54 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MCR Dividend Safety Score
Borderline
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 8, 2026 | — | $0.0440 | regular |
| Jun 8, 2026 | — | $0.0437 | regular |
| May 19, 2026 | — | $0.0440 | regular |
| May 19, 2026 | — | $0.0440 | regular |
| Apr 14, 2026 | — | $0.0440 | regular |
| Apr 14, 2026 | — | $0.0440 | regular |
| Mar 17, 2026 | — | $0.0450 | regular |
| Mar 17, 2026 | — | $0.0450 | regular |
| Feb 17, 2026 | — | $0.0450 | regular |
| Feb 17, 2026 | — | $0.0450 | regular |
| Jan 20, 2026 | — | $0.0450 | regular |
| Jan 20, 2026 | — | $0.0448 | regular |
| Dec 16, 2025 | — | $0.0450 | regular |
| Dec 16, 2025 | — | $0.0449 | regular |
Income Calculator
At $0.54 / yr per share
