Mfs Govt Mkts (NYSE:MGF) Declares $0.02 Monthly Dividend

Mfs Govt Mkts (NYSE:MGF) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.0191 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Tuesday, January 20th.

Mfs Govt Mkts Stock Down 0.2%

NYSE MGF opened at $3.05 on Friday. Mfs Govt Mkts has a 12 month low of $2.96 and a 12 month high of $3.17. The company has a 50-day moving average of $3.06 and a 200-day moving average of $3.08.

Institutional Trading of Mfs Govt Mkts

Institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV acquired a new stake in Mfs Govt Mkts during the third quarter worth about $32,000. BankPlus Wealth Management LLC purchased a new position in shares of Mfs Govt Mkts in the 3rd quarter valued at $48,000. Susquehanna International Group LLP acquired a new position in shares of Mfs Govt Mkts during the 3rd quarter valued at $49,000. Raymond James Financial Inc. increased its holdings in Mfs Govt Mkts by 7.8% in the 3rd quarter. Raymond James Financial Inc. now owns 303,194 shares of the company’s stock valued at $946,000 after purchasing an additional 21,821 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in Mfs Govt Mkts in the third quarter valued at about $78,000. 54.77% of the stock is currently owned by institutional investors and hedge funds.

About Mfs Govt Mkts

MFS Government Markets Fund (NYSE: MGF) is a closed-end management investment company that seeks to provide current income consistent with preservation of capital and liquidity by investing primarily in U.S. government and government-related debt securities. The fund’s portfolio typically consists of U.S. Treasury obligations, agency securities and repurchase agreements collateralized by government-backed instruments. By concentrating on high-quality, sovereign-issued fixed income, MGF aims to offer investors relatively stable returns while minimizing exposure to credit risk.

The fund employs a disciplined, yield-curve-aware approach, blending short-term and intermediate-term maturities to balance income generation with interest-rate sensitivity.