Mfs Govt Mkts (NYSE:MGF) Announces Dividend Increase - $0.02 Per Share

Key Points

• Mfs Govt Mkts announced a monthly dividend increase of $0.02 per share, resulting in an annualized yield of 7.5% for shareholders.
• The ex-dividend date for the new dividend payment is set for September 16th, with payments to be made on September 30th to investors of record.
• On the same day the dividend was announced, shares of Mfs Govt Mkts traded at $3.08, with a 52-week range between $2.95 and $3.39.

Mfs Govt Mkts (NYSE:MGF - Get Free Report) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Investors of record on Tuesday, September 16th will be paid a dividend of 0.0192 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Tuesday, September 16th. This is a 0.5% increase from Mfs Govt Mkts's previous monthly dividend of $0.02.

Mfs Govt Mkts Price Performance

Shares of MGF stock traded up $0.02 on Wednesday, reaching $3.08. 47,225 shares of the company's stock were exchanged, compared to its average volume of 61,852. Mfs Govt Mkts has a 52 week low of $2.95 and a 52 week high of $3.39. The company's fifty day simple moving average is $3.09 and its 200 day simple moving average is $3.09.

About Mfs Govt Mkts

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.

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