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

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, July 15th will be paid a dividend of 0.0333 per share by the closed-end fund on Thursday, July 31st. This represents a $0.40 annualized dividend and a yield of 8.51%. The ex-dividend date is Tuesday, July 15th. This is a 1.8% increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03.

MFS Multimarket Income Trust Trading Down 0.4%

Shares of NYSE:MMT traded down $0.02 during trading on Friday, reaching $4.70. 25,853 shares of the stock traded hands, compared to its average volume of 86,917. The stock has a 50-day moving average of $4.63 and a two-hundred day moving average of $4.62. MFS Multimarket Income Trust has a 52-week low of $4.31 and a 52-week high of $4.90.

Institutional Trading of MFS Multimarket Income Trust

A hedge fund recently raised its stake in MFS Multimarket Income Trust stock. Geneos Wealth Management Inc. increased its holdings in shares of MFS Multimarket Income Trust (NYSE:MMT - Free Report) by 780.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,155 shares of the closed-end fund's stock after purchasing an additional 9,001 shares during the quarter. Geneos Wealth Management Inc.'s holdings in MFS Multimarket Income Trust were worth $47,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 18.97% of the company's stock.

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.