MFS Multimarket Income Trust (NYSE:MMT) Announces $0.03 Monthly Dividend

MFS Multimarket Income Trust (NYSE:MMTGet Free Report) announced a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.034 per share by the closed-end fund on Thursday, February 29th. This represents a $0.41 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date of this dividend is Tuesday, February 13th.

MFS Multimarket Income Trust has decreased its dividend by an average of 7.2% per year over the last three years and has increased its dividend every year for the last 1 years.

MFS Multimarket Income Trust Stock Performance

Shares of MMT opened at $4.65 on Monday. MFS Multimarket Income Trust has a fifty-two week low of $4.04 and a fifty-two week high of $4.80. The firm’s 50-day simple moving average is $4.57 and its two-hundred day simple moving average is $4.43.

Institutional Investors Weigh In On MFS Multimarket Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. KCM Investment Advisors LLC purchased a new stake in MFS Multimarket Income Trust in the first quarter worth about $53,000. Rockefeller Capital Management L.P. grew its holdings in shares of MFS Multimarket Income Trust by 287.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 11,278 shares of the closed-end fund’s stock valued at $50,000 after buying an additional 8,364 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of MFS Multimarket Income Trust during the second quarter valued at approximately $52,000. Captrust Financial Advisors purchased a new stake in shares of MFS Multimarket Income Trust during the second quarter valued at approximately $54,000. Finally, Jane Street Group LLC purchased a new stake in shares of MFS Multimarket Income Trust during the first quarter valued at approximately $58,000. Hedge funds and other institutional investors own 17.87% of the company’s stock.

About MFS Multimarket Income Trust

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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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Dividend History for MFS Multimarket Income Trust (NYSE:MMT)

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