MFS Multimarket Income Trust (NYSE:MMT) Announces $0.04 Monthly Dividend

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Friday, September 11th. Stockholders of record on Tuesday, September 22nd will be paid a dividend of 0.04 per share by the closed-end fund on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Tuesday, September 22nd.

MFS Multimarket Income Trust Price Performance

Shares of MMT opened at $4.34 on Friday. MFS Multimarket Income Trust has a 12-month low of $4.30 and a 12-month high of $4.86. The firm has a 50-day moving average price of $4.41 and a 200 day moving average price of $4.48.

Institutional Trading of MFS Multimarket Income Trust

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of MFS Multimarket Income Trust by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after buying an additional 106,882 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in MFS Multimarket Income Trust by 127.2% in the fourth quarter. Sit Investment Associates Inc. now owns 642,159 shares of the closed-end fund’s stock valued at $2,986,000 after acquiring an additional 359,502 shares during the last quarter. Rivernorth Capital Management LLC purchased a new position in MFS Multimarket Income Trust in the first quarter worth approximately $1,558,000. NewEdge Advisors LLC grew its position in MFS Multimarket Income Trust by 260.5% in the second quarter. NewEdge Advisors LLC now owns 187,488 shares of the closed-end fund’s stock worth $825,000 after acquiring an additional 135,487 shares during the period. Finally, Cetera Investment Advisers increased its stake in MFS Multimarket Income Trust by 75.7% during the first quarter. Cetera Investment Advisers now owns 178,117 shares of the closed-end fund’s stock worth $823,000 after acquiring an additional 76,756 shares during the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end investment company managed by MFS Investment Management. The trust seeks to provide high current income and, secondarily, capital appreciation by investing in a diversified portfolio of fixed-income securities and other income-producing investments.

Its portfolio may include government and corporate bonds, mortgage- and asset-backed securities, municipal obligations, floating-rate loans and other debt instruments issued in the United States and international markets.