MFS Multimarket Income Trust (MMT) to Issue Monthly Dividend of $0.03 on September 30th

MFS Multimarket Income Trust (NYSE:MMTGet Rating) declared a monthly dividend on Friday, September 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, September 14th will be paid a dividend of 0.034 per share by the closed-end fund on Friday, September 30th. This represents a $0.41 annualized dividend and a dividend yield of 8.88%. The ex-dividend date is Tuesday, September 13th. This is a positive change from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

MFS Multimarket Income Trust has decreased its dividend by an average of 0.2% annually over the last three years.

MFS Multimarket Income Trust Stock Performance

Shares of NYSE MMT opened at $4.60 on Friday. The business has a 50-day moving average of $4.72 and a 200-day moving average of $4.86. MFS Multimarket Income Trust has a fifty-two week low of $4.34 and a fifty-two week high of $6.65.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Several hedge funds have recently modified their holdings of MMT. KCM Investment Advisors LLC bought a new position in MFS Multimarket Income Trust during the first quarter worth about $53,000. Captrust Financial Advisors bought a new position in MFS Multimarket Income Trust during the second quarter worth about $54,000. Atria Wealth Solutions Inc. bought a new position in MFS Multimarket Income Trust during the first quarter worth about $121,000. Cambridge Investment Research Advisors Inc. grew its holdings in MFS Multimarket Income Trust by 25.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,074 shares of the closed-end fund’s stock worth $144,000 after purchasing an additional 5,505 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in MFS Multimarket Income Trust by 47.9% during the first quarter. NewEdge Advisors LLC now owns 76,900 shares of the closed-end fund’s stock worth $408,000 after purchasing an additional 24,900 shares during the period. Institutional investors own 17.43% of the company’s stock.

MFS Multimarket Income Trust Company Profile

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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.

Further Reading

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

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