MFS Multimarket Income Trust (NYSE:MMT) Raises Dividend to $0.03 Per Share

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Tuesday, August 13th will be given a dividend of 0.034 per share by the closed-end fund on Friday, August 30th. This represents a $0.41 annualized dividend and a yield of 8.55%. The ex-dividend date of this dividend is Tuesday, August 13th. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

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

MFS Multimarket Income Trust Stock Performance

MFS Multimarket Income Trust stock remained flat at $4.77 during mid-day trading on Friday. 57,434 shares of the company’s stock traded hands, compared to its average volume of 76,120. MFS Multimarket Income Trust has a 12-month low of $4.04 and a 12-month high of $4.82. The firm’s fifty day simple moving average is $4.68 and its two-hundred day simple moving average is $4.62.

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.