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

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Monday, March 3rd, 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 is Tuesday, March 18th. This is an increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

MFS Multimarket Income Trust has increased its dividend payment 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, reaching $4.69. 146,781 shares of the company were exchanged, compared to its average volume of 83,602. MFS Multimarket Income Trust has a 1 year low of $4.43 and a 1 year high of $4.90. The business has a 50-day moving average price of $4.66 and a 200 day moving average price of $4.73.

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.