MFS Multimarket Income Trust (NYSE:MMT) Declares Monthly Dividend of $0.03

Key Points

• MFS Multimarket Income Trust declared a monthly dividend of $0.03, which represents an annualized dividend yield of 8.5%, reflecting a 0.8% increase from the previous month.
• The ex-dividend date for this payment is set for October 14th, with payments to stockholders of record to be made on October 31st.
• Institutional investors have increased their stakes in MFS Multimarket Income Trust, with one firm, Geneos Wealth Management Inc., raising its position by 780% in the first quarter.

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) announced a monthly dividend on Wednesday, October 1st. Stockholders of record on Tuesday, October 14th will be given a dividend of 0.034 per share by the closed-end fund on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, October 14th. This is a 0.8% increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03.

MFS Multimarket Income Trust Stock Performance

NYSE MMT opened at $4.78 on Thursday. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90. The company has a 50 day moving average of $4.73 and a 200-day moving average of $4.65.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its position in MFS Multimarket Income Trust by 780.0% during the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund's stock valued at $47,000 after purchasing an additional 9,001 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in MFS Multimarket Income Trust during the fourth quarter valued at approximately $49,000. Citadel Advisors LLC acquired a new position in MFS Multimarket Income Trust during the fourth quarter valued at approximately $68,000. Founders Financial Alliance LLC acquired a new position in MFS Multimarket Income Trust during the first quarter valued at approximately $70,000. Finally, Wolverine Asset Management LLC acquired a new position in MFS Multimarket Income Trust during the first quarter valued at approximately $74,000. 18.97% of the stock is currently owned by institutional investors and hedge funds.

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.

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