MFS Multimarket Income Trust (MMT) To Go Ex-Dividend on May 19th

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Friday, May 1st. Stockholders of record on Tuesday, May 19th will be paid a dividend of 0.033 per share by the closed-end fund on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a 0.2% increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

MFS Multimarket Income Trust Price Performance

Shares of MMT stock opened at $4.48 on Friday. The business has a 50-day simple moving average of $4.56 and a 200-day simple moving average of $4.65. MFS Multimarket Income Trust has a 52-week low of $4.37 and a 52-week high of $4.87.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently modified their holdings of MMT. Geneos Wealth Management Inc. raised its holdings in MFS Multimarket Income Trust by 780.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 9,001 shares during the period. Park Avenue Securities LLC acquired a new position in MFS Multimarket Income Trust in the 3rd quarter worth about $49,000. Gerald Baker Financial Group LLC acquired a new position in MFS Multimarket Income Trust in the 1st quarter worth about $57,000. Melfa Wealth Management Inc. acquired a new position in MFS Multimarket Income Trust in the 4th quarter worth about $72,000. Finally, Beacon Pointe Advisors LLC acquired a new position in MFS Multimarket Income Trust in the 4th quarter worth about $73,000. Institutional investors and hedge funds own 18.97% of the company’s stock.

About MFS Multimarket Income Trust

MFS Multimarket Income Trust (NYSE: MMT) is a closed-end management investment company that seeks to provide high current income through investments in a diversified global portfolio of income-producing securities. Launched in 1987, the trust is managed by MFS Investment Management, a Boston-based asset manager with roots dating back to 1924. MFS Investment Management acts as the investment adviser and leverages its multi-asset research capabilities to build and monitor MMT’s portfolio on behalf of shareholders.

The trust’s principal investment activities encompass a broad range of fixed-income and equity-related instruments.