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

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) declared a -- dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, June 17th will be given a dividend of 0.033 per share by the closed-end fund on Monday, June 30th. This represents a dividend yield of 8.7%. The ex-dividend date of this dividend is Tuesday, June 17th.

MFS Multimarket Income Trust Trading Up 0.2%

Shares of NYSE:MMT traded up $0.01 on Friday, hitting $4.64. The company's stock had a trading volume of 80,654 shares, compared to its average volume of 85,139. MFS Multimarket Income Trust has a 12 month low of $4.31 and a 12 month high of $4.90. The stock's 50-day moving average is $4.56 and its two-hundred day moving average is $4.63.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MFS Multimarket Income Trust stock. Focus Partners Wealth lifted its holdings in MFS Multimarket Income Trust (NYSE:MMT - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,645 shares of the closed-end fund's stock after purchasing an additional 3,550 shares during the quarter. Focus Partners Wealth owned 0.05% of MFS Multimarket Income Trust worth $133,000 as of its most recent filing with the 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.