MFS Multimarket Income Trust (NYSE:MMT – Get Free Report) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.0337 per share by the closed-end fund on Monday, March 31st. This represents a $0.40 annualized dividend and a dividend yield of 8.63%. The ex-dividend date is Tuesday, March 18th. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.
MFS Multimarket Income Trust has increased its dividend payment by an average of 5.2% per year over the last three years.
MFS Multimarket Income Trust Stock Performance
MMT traded down $0.02 during trading on Tuesday, hitting $4.69. 146,781 shares of the company traded hands, compared to its average volume of 83,602. The stock’s 50-day simple moving average is $4.66 and its two-hundred day simple moving average is $4.73. MFS Multimarket Income Trust has a 1 year low of $4.43 and a 1 year high of $4.90.
About MFS Multimarket Income Trust
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.
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