MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.0417 per share by the closed-end fund on Friday, May 31st. This represents a $0.50 annualized dividend and a dividend yield of 8.88%. The ex-dividend date is Tuesday, May 14th. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.04.
MFS Multimarket Income Trust has raised its dividend by an average of 3.6% per year over the last three years.
Shares of MFS Multimarket Income Trust stock traded down $0.03 on Friday, hitting $5.63. 289,000 shares of the company traded hands, compared to its average volume of 157,029. MFS Multimarket Income Trust has a 12-month low of $5.01 and a 12-month high of $5.80.
About MFS Multimarket Income Trust
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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