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

Key Points

• MFS Multimarket Income Trust (NYSE:MMT) will issue a monthly dividend increase to $0.0337 per share, which is a 0.6% increase from the previous dividend of $0.03.
• The dividend is scheduled for distribution on September 30th, with an ex-dividend date of September 16th, and an annualized yield of 8.5%.
• As of recent trading, MMT shares reached $4.77, with a 1-year trading range of $4.31 to $4.90.

MFS Multimarket Income Trust (NYSE:MMT - Get Free Report) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.0337 per share by the closed-end fund on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Tuesday, September 16th. This is a 0.6% increase from MFS Multimarket Income Trust's previous monthly dividend of $0.03.

MFS Multimarket Income Trust Price Performance

NYSE:MMT traded up $0.05 during trading hours on Wednesday, reaching $4.77. 80,844 shares of the company traded hands, compared to its average volume of 90,944. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.90. The firm's 50-day moving average is $4.68 and its 200-day moving average is $4.63.

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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