MFS Multimarket Income Trust (NYSE:MMT) Raises Dividend to $0.03 Per Share

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.0346 per share by the closed-end fund on Thursday, October 31st. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date is Tuesday, October 15th. 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 10.5% annually over the last three years.

MFS Multimarket Income Trust Trading Down 0.2 %

Shares of MMT stock traded down $0.01 on Wednesday, reaching $4.87. 15,984 shares of the stock were exchanged, compared to its average volume of 75,835. MFS Multimarket Income Trust has a 1-year low of $4.04 and a 1-year high of $4.90. The firm has a 50 day moving average of $4.78 and a two-hundred day moving average of $4.68.

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.