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

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be paid a dividend of 0.0336 per share by the closed-end fund on Wednesday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 8.59%. The ex-dividend date is Tuesday, July 16th.

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

MFS Multimarket Income Trust Price Performance

MMT traded down $0.01 during mid-day trading on Tuesday, reaching $4.70. 70,251 shares of the company traded hands, compared to its average volume of 78,104. The company’s fifty day moving average price is $4.62 and its 200-day moving average price is $4.60. MFS Multimarket Income Trust has a 52-week low of $4.04 and a 52-week high of $4.73.

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.