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

MFS Multimarket Income Trust (NYSE:MMT) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.0337 per share by the closed-end fund on Monday, March 31st. This represents a $0.40 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

MFS Multimarket Income Trust has raised its dividend by an average of 5.2% per year over the last three years.

MFS Multimarket Income Trust Stock Down 0.3 %

Shares of MMT stock traded down $0.02 on Tuesday, hitting $4.69. 146,781 shares of the stock traded hands, compared to its average volume of 83,602. The firm has a 50 day simple moving average of $4.66 and a two-hundred day simple moving average of $4.73. MFS Multimarket Income Trust has a 52 week low of $4.43 and a 52 week high of $4.90.

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.