MFS Government Markets Income Trust (NYSE:MGF) Plans Monthly Dividend of $0.02

MFS Government Markets Income Trust (NYSE:MGF) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Wednesday, April 17th will be paid a dividend of 0.02 per share on Tuesday, April 30th. This represents a $0.24 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Tuesday, April 16th.

MFS Government Markets Income Trust has decreased its dividend by an average of 10.6% per year over the last three years and has increased its dividend every year for the last 1 years.

MFS Government Markets Income Trust Trading Down 0.6 %

NYSE MGF opened at $3.12 on Monday. The stock has a 50-day simple moving average of $3.13 and a two-hundred day simple moving average of $3.12. MFS Government Markets Income Trust has a fifty-two week low of $2.91 and a fifty-two week high of $3.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MGF. LPL Financial LLC raised its position in shares of MFS Government Markets Income Trust by 0.9% during the 1st quarter. LPL Financial LLC now owns 424,987 shares of the company’s stock worth $1,402,000 after purchasing an additional 3,619 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in MFS Government Markets Income Trust by 6.9% in the 1st quarter. NewEdge Advisors LLC now owns 266,381 shares of the company’s stock valued at $1,007,000 after purchasing an additional 17,200 shares in the last quarter. Morgan Stanley lifted its stake in shares of MFS Government Markets Income Trust by 103.4% in the fourth quarter. Morgan Stanley now owns 230,183 shares of the company’s stock worth $762,000 after buying an additional 117,025 shares in the last quarter. Royal Bank of Canada boosted its position in MFS Government Markets Income Trust by 400.1% during the fourth quarter. Royal Bank of Canada now owns 62,320 shares of the company’s stock worth $198,000 after acquiring an additional 49,858 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in MFS Government Markets Income Trust during the 1st quarter valued at about $90,000. Hedge funds and other institutional investors own 54.77% of the company’s stock.

About MFS Government Markets Income Trust

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.