MFS Multimarket Income Trust to Issue Monthly Dividend of $0.03 (NYSE:MMT)

MFS Multimarket Income Trust (NYSE:MMT) announced a monthly dividend on Monday, November 4th, Wall Street Journal reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.0342 per share by the closed-end fund on Friday, November 29th. This represents a $0.41 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend is Tuesday, November 12th.

MFS Multimarket Income Trust has decreased its dividend payment by an average of 10.5% annually over the last three years.

MFS Multimarket Income Trust Stock Performance

Shares of NYSE MMT traded down $0.03 during midday trading on Monday, reaching $4.76. 71,559 shares of the stock were exchanged, compared to its average volume of 74,157. MFS Multimarket Income Trust has a 52-week low of $4.25 and a 52-week high of $4.90. The stock has a 50 day moving average price of $4.82 and a 200-day moving average price of $4.71.

About MFS Multimarket Income Trust

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.