Mfs Govt Mkts Plans Monthly Dividend of $0.02 (NYSE:MGF)

Mfs Govt Mkts (NYSE:MGF) announced a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 17th will be paid a dividend of 0.0191 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, February 17th.

Mfs Govt Mkts Stock Performance

NYSE:MGF traded up $0.01 on Tuesday, hitting $3.03. 34,246 shares of the stock were exchanged, compared to its average volume of 56,768. Mfs Govt Mkts has a 52 week low of $2.96 and a 52 week high of $3.17. The company’s 50-day moving average price is $3.04 and its 200 day moving average price is $3.07.

Institutional Trading of Mfs Govt Mkts

Institutional investors have recently bought and sold shares of the business. PVG Asset Management Corp acquired a new position in shares of Mfs Govt Mkts in the 4th quarter valued at $82,000. Susquehanna International Group LLP bought a new stake in Mfs Govt Mkts in the third quarter valued at about $49,000. Mercer Global Advisors Inc. ADV bought a new stake in Mfs Govt Mkts in the third quarter valued at about $32,000. Raymond James Financial Inc. lifted its stake in Mfs Govt Mkts by 7.8% in the third quarter. Raymond James Financial Inc. now owns 303,194 shares of the company’s stock valued at $946,000 after buying an additional 21,821 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Mfs Govt Mkts by 4.5% during the third quarter. Private Advisor Group LLC now owns 1,287,332 shares of the company’s stock worth $4,016,000 after buying an additional 55,894 shares during the last quarter. Institutional investors and hedge funds own 54.77% of the company’s stock.

About Mfs Govt Mkts

MFS Government Markets Fund (NYSE: MGF) is a closed-end management investment company that seeks to provide current income consistent with preservation of capital and liquidity by investing primarily in U.S. government and government-related debt securities. The fund’s portfolio typically consists of U.S. Treasury obligations, agency securities and repurchase agreements collateralized by government-backed instruments. By concentrating on high-quality, sovereign-issued fixed income, MGF aims to offer investors relatively stable returns while minimizing exposure to credit risk.

The fund employs a disciplined, yield-curve-aware approach, blending short-term and intermediate-term maturities to balance income generation with interest-rate sensitivity.