Mills Music Trust (OTCMKTS:MMTRS) to Issue Dividend Increase – $1.33 Per Share

Mills Music Trust (OTCMKTS:MMTRS) announced a dividend on Tuesday, September 10th, NASDAQ reports. Stockholders of record on Sunday, September 22nd will be given a dividend of 1.3349 per share on Monday, September 23rd. The ex-dividend date is Friday, September 20th. This is an increase from Mills Music Trust’s previous dividend of $0.48.

Mills Music Trust Stock Performance

MMTRS stock opened at $45.50 on Thursday. The company’s fifty day simple moving average is $35.31 and its 200 day simple moving average is $35.35. Mills Music Trust has a 12-month low of $33.57 and a 12-month high of $49.00.

About Mills Music Trust

Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable by EMI Mills Music Inc primarily in the United States. The payments of the contingent portion are based on royalty income generated by the catalogue.