MFS Multimarket Income Trust (MMT) to Issue Monthly Dividend of $0.03 on May 31st

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.033 per share by the closed-end fund on Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date is Tuesday, May 14th.

MFS Multimarket Income Trust has decreased its dividend payment by an average of 10.5% per year over the last three years and has raised its dividend every year for the last 1 years.

MFS Multimarket Income Trust Price Performance

MMT stock traded up $0.03 during trading on Friday, hitting $4.61. 41,082 shares of the company’s stock were exchanged, compared to its average volume of 81,439. MFS Multimarket Income Trust has a 52-week low of $4.04 and a 52-week high of $4.70. The business has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $4.50.

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.