MFS Multimarket Income Trust (NYSE:MMT) Announces Dividend Increase - $0.03 Per Share

Key Points

• MFS Multimarket Income Trust has raised its monthly dividend to $0.0335 per share, reflecting a 0.5% increase from the previous dividend of $0.03.
• The ex-dividend date for the new dividend is August 19th, with payment scheduled for August 29th, resulting in an annualized yield of 8.6%.
• Hedge funds and institutional investors collectively own 18.97% of MFS Multimarket Income Trust's stock, with various funds increasing their holdings in the last quarter.

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) announced a monthly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Tuesday, August 19th will be given a dividend of 0.0335 per share by the closed-end fund on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Tuesday, August 19th. This is a 0.5% increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03.

MFS Multimarket Income Trust Price Performance

Shares of MMT stock traded down $0.03 on Friday, hitting $4.69. The stock had a trading volume of 17,088 shares, compared to its average volume of 91,969. MFS Multimarket Income Trust has a 1 year low of $4.31 and a 1 year high of $4.90. The company's 50 day moving average price is $4.65 and its 200-day moving average price is $4.62.

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.