MFS Multimarket Income Trust (NYSE:MMT) Raises Dividend to $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) declared a monthly dividend on Monday, August 4th, Wall Street Journal reports. Shareholders of record on Tuesday, August 19th will be paid a dividend of 0.0335 per share by the closed-end fund on Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date 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 Stock Performance

Shares of MMT traded up $0.04 during trading hours on Monday, reaching $4.69. The company had a trading volume of 133,205 shares, compared to its average volume of 92,413. The firm has a 50 day simple moving average of $4.64 and a 200-day simple moving average of $4.62. MFS Multimarket Income Trust has a 12-month low of $4.31 and a 12-month high of $4.90.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in shares of MFS Multimarket Income Trust by 8.3% in the 4th quarter. Cetera Investment Advisers now owns 176,474 shares of the closed-end fund's stock valued at $828,000 after purchasing an additional 13,507 shares in the last quarter. Northstar Financial Companies Inc. purchased a new position in shares of MFS Multimarket Income Trust in the 4th quarter valued at about $265,000. Janney Montgomery Scott LLC increased its holdings in shares of MFS Multimarket Income Trust by 1.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 371,451 shares of the closed-end fund's stock valued at $1,727,000 after purchasing an additional 4,159 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of MFS Multimarket Income Trust in the 4th quarter valued at about $49,000. Finally, Citadel Advisors LLC purchased a new position in shares of MFS Multimarket Income Trust in the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 18.97% of the company's stock.

About MFS Multimarket Income Trust

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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