MFS Multimarket Income Trust (MMT) to Issue Monthly Dividend of $0.03 on February 29th

MFS Multimarket Income Trust (NYSE:MMTGet Free Report) announced a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.034 per share by the closed-end fund on Thursday, February 29th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.77%. The ex-dividend date of this dividend is Tuesday, February 13th.

MFS Multimarket Income Trust has decreased its dividend payment by an average of 7.2% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

MFS Multimarket Income Trust Trading Down 0.2 %

Shares of MMT stock opened at $4.65 on Friday. The stock has a 50 day moving average of $4.57 and a two-hundred day moving average of $4.43. MFS Multimarket Income Trust has a 12 month low of $4.04 and a 12 month high of $4.80.

Institutional Trading of MFS Multimarket Income Trust

Hedge funds have recently modified their holdings of the company. KCM Investment Advisors LLC bought a new stake in shares of MFS Multimarket Income Trust in the 1st quarter worth approximately $53,000. Rockefeller Capital Management L.P. lifted its position in shares of MFS Multimarket Income Trust by 287.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,278 shares of the closed-end fund’s stock worth $50,000 after buying an additional 8,364 shares during the period. Kestra Advisory Services LLC bought a new position in shares of MFS Multimarket Income Trust during the 2nd quarter worth approximately $52,000. Captrust Financial Advisors bought a new position in shares of MFS Multimarket Income Trust during the 2nd quarter worth approximately $54,000. Finally, Jane Street Group LLC bought a new position in shares of MFS Multimarket Income Trust during the 1st quarter worth approximately $58,000. Institutional investors own 17.87% of the company’s stock.

MFS Multimarket Income Trust Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for MFS Multimarket Income Trust (NYSE:MMT)

Receive News & Ratings for MFS Multimarket Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Multimarket Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.