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

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0334 per share by the closed-end fund on Friday, February 28th. This represents a $0.40 annualized dividend and a yield of 8.49%. The ex-dividend date of this dividend is Tuesday, February 18th.

MFS Multimarket Income Trust has increased its dividend by an average of 6.7% per year over the last three years.

MFS Multimarket Income Trust Stock Performance

Shares of MMT stock opened at $4.73 on Friday. MFS Multimarket Income Trust has a 1-year low of $4.43 and a 1-year high of $4.90. The stock’s fifty day moving average price is $4.66 and its 200 day moving average price is $4.73.

About MFS Multimarket Income Trust

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.