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

MFS Multimarket Income Trust (NYSE:MMTGet Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Wednesday, April 17th will be paid a dividend of 0.034 per share by the closed-end fund on Tuesday, April 30th. This represents a $0.41 annualized dividend and a dividend yield of 8.88%. The ex-dividend date is Tuesday, April 16th. 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 7.2% per year over the last three years.

MFS Multimarket Income Trust Stock Down 0.3 %

Shares of MMT opened at $4.60 on Wednesday. MFS Multimarket Income Trust has a one year low of $4.04 and a one year high of $4.70. The business has a fifty day moving average of $4.61 and a 200 day moving average of $4.46.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. KCM Investment Advisors LLC purchased a new position in MFS Multimarket Income Trust during the first quarter valued at $53,000. Rockefeller Capital Management L.P. lifted its position in shares of MFS Multimarket Income Trust by 287.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 11,278 shares of the closed-end fund’s stock valued at $50,000 after acquiring an additional 8,364 shares in the last quarter. Creative Planning purchased a new position in shares of MFS Multimarket Income Trust in the fourth quarter valued at about $52,000. Kestra Advisory Services LLC purchased a new position in shares of MFS Multimarket Income Trust in the second quarter valued at about $52,000. Finally, Captrust Financial Advisors purchased a new position in shares of MFS Multimarket Income Trust in the second quarter valued at about $54,000. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also

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

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