Mfs Govt Mkts (NYSE:MGF) Increases Dividend to $0.10 Per Share

Mfs Govt Mkts (NYSE:MGF) declared a monthly dividend on Friday, October 9th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.10 per share on Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 8.9%. The ex-dividend date is Friday, October 23rd. This is a 0.0% increase from Mfs Govt Mkts’s previous monthly dividend of $0.10.

Mfs Govt Mkts Trading Up 0.1%

Mfs Govt Mkts stock traded up $0.02 during mid-day trading on Wednesday, reaching $13.50. The company had a trading volume of 10,556 shares, compared to its average volume of 16,199. Mfs Govt Mkts has a 1 year low of $13.20 and a 1 year high of $15.65. The stock’s 50-day simple moving average is $13.88 and its 200-day simple moving average is $14.17.

Mfs Govt Mkts Company Profile

MFS Government Markets Income Trust (NYSE: MGF) is a closed-end investment fund managed by MFS Investment Management. The fund seeks to provide current income by investing primarily in securities issued or guaranteed by the U.S. government, its agencies and instrumentalities, as well as other government-related fixed-income investments.

The portfolio may include U.S. Treasury securities, mortgage-related securities issued or guaranteed by government-sponsored entities, and other debt instruments considered consistent with the fund’s investment objective.