Mfs Govt Mkts (NYSE:MGF) Increases Dividend to $0.02 Per Share

Key Points

• Mfs Govt Mkts has increased its monthly dividend to $0.02 per share, representing a 0.6% increase from the previous amount.
• The upcoming dividend will be paid to stockholders of record on October 14th and distributed on October 31st, with an annualized dividend yield of 7.5%.
• As of Thursday, the stock price of MGF is $3.11, with a one-year price range between $2.95 and $3.31.

Mfs Govt Mkts (NYSE:MGF - Get Free Report) declared a monthly dividend on Wednesday, October 1st. Stockholders of record on Tuesday, October 14th will be given a dividend of 0.0193 per share on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, October 14th. This is a 0.6% increase from Mfs Govt Mkts's previous monthly dividend of $0.02.

Mfs Govt Mkts Price Performance

MGF stock opened at $3.11 on Thursday. Mfs Govt Mkts has a one year low of $2.95 and a one year high of $3.31. The company's fifty day moving average price is $3.09 and its 200-day moving average price is $3.09.

Mfs Govt Mkts Company Profile

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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