Mfs Govt Mkts (NYSE:MGF) Raises Dividend to $0.10 Per Share

Mfs Govt Mkts (NYSE:MGF) announced a monthly dividend on Friday, October 9th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.10 per share on Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Friday, October 23rd. This is a 0.0% increase from Mfs Govt Mkts’s previous monthly dividend of $0.10.

Mfs Govt Mkts Stock Performance

NYSE MGF traded up $0.02 on Wednesday, hitting $13.50. 10,556 shares of the company’s stock were exchanged, compared to its average volume of 16,199. The firm’s 50-day moving average price is $13.88 and its two-hundred day moving average price is $14.17. Mfs Govt Mkts has a fifty-two week low of $13.20 and a fifty-two week high of $15.65.

Mfs Govt Mkts Company Profile

MFS Government Markets Income Trust (NYSE: MGF) is a closed-end investment fund managed by MFS Investment Management. The fund seeks to provide current income by investing primarily in securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, as well as other government-related fixed-income investments.

The portfolio may include U.S. Treasury securities, mortgage-related securities issued or guaranteed by government-sponsored entities, and other debt instruments considered consistent with the fund’s investment objective.