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

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0334 per share by the closed-end fund on Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date is Tuesday, February 18th.

MFS Multimarket Income Trust has raised its dividend payment by an average of 12.4% per year over the last three years.

MFS Multimarket Income Trust Trading Up 0.3 %

Shares of MMT stock traded up $0.02 during trading hours on Tuesday, hitting $4.72. 22,235 shares of the company’s stock were exchanged, compared to its average volume of 85,174. MFS Multimarket Income Trust has a 12-month low of $4.43 and a 12-month high of $4.90. The business’s 50 day simple moving average is $4.66 and its 200-day simple moving average is $4.73.

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.