MFS Government Markets Income Trust (NYSE:MGF) to Issue Dividend Increase – $0.02 Per Share

MFS Government Markets Income Trust (NYSE:MGF) declared a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, July 16th will be paid a dividend of 0.0198 per share on Wednesday, July 31st. This represents a $0.24 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date is Tuesday, July 16th. This is a positive change from MFS Government Markets Income Trust’s previous monthly dividend of $0.02.

MFS Government Markets Income Trust has raised its dividend by an average of 4.3% annually over the last three years.

MFS Government Markets Income Trust Stock Up 0.3 %

MGF traded up $0.01 during midday trading on Tuesday, reaching $3.08. 56,466 shares of the company’s stock were exchanged, compared to its average volume of 101,751. MFS Government Markets Income Trust has a one year low of $2.91 and a one year high of $3.29. The business has a 50-day simple moving average of $3.08 and a two-hundred day simple moving average of $3.13.

About MFS Government Markets Income Trust

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.