MFS Multimarket Income Trust Plans Monthly Dividend of $0.03 (NYSE:MMT)

MFS Multimarket Income Trust (NYSE:MMT) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.0335 per share by the closed-end fund on Wednesday, April 30th. This represents a $0.40 annualized dividend and a dividend yield of 8.58%. The ex-dividend date is Tuesday, April 15th.

MFS Multimarket Income Trust has raised its dividend by an average of 5.2% per year over the last three years.

MFS Multimarket Income Trust Stock Performance

Shares of MMT stock opened at $4.68 on Thursday. MFS Multimarket Income Trust has a 1 year low of $4.43 and a 1 year high of $4.90. The stock’s 50 day simple moving average is $4.67 and its two-hundred day simple moving average is $4.71.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust is a closed ended fixed income mutual fund launched and managed by MFS Investment Management, Inc The fund invests in the fixed income markets across the globe with greater emphasis on United States. It seeks to invest in fixed income securities issued by U.S. Government, foreign government, mortgage backed, and other asset-backed securities of U.S.