MFS Multimarket Income Trust to Issue Monthly Dividend of $0.03 (NYSE:MMT)

MFS Multimarket Income Trust (NYSE:MMT) announced a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.0335 per share by the closed-end fund on Wednesday, April 30th. This represents a $0.40 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date is Tuesday, April 15th.

MFS Multimarket Income Trust has increased its dividend payment by an average of 5.2% annually over the last three years.

MFS Multimarket Income Trust Price Performance

Shares of NYSE:MMT traded up $0.01 on Wednesday, hitting $4.68. The company had a trading volume of 51,753 shares, compared to its average volume of 79,919. The stock has a 50 day moving average price of $4.67 and a 200 day moving average price of $4.71. MFS Multimarket Income Trust has a 1-year low of $4.43 and a 1-year high of $4.90.

MFS Multimarket Income Trust Company Profile

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.