MFS Multimarket Income Trust (MMT) to Distribute Monthly Dividend of $0.04 on August 31st

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Tuesday, August 11th. Investors of record on Monday, August 24th will be given a dividend of 0.04 per share by the closed-end fund on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Monday, August 24th.

MFS Multimarket Income Trust Price Performance

Shares of MMT opened at $4.46 on Thursday. The firm’s 50 day simple moving average is $4.43 and its 200 day simple moving average is $4.54. MFS Multimarket Income Trust has a 1-year low of $4.31 and a 1-year high of $4.87.

Institutional Trading of MFS Multimarket Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its position in MFS Multimarket Income Trust by 780.0% in the first quarter. Geneos Wealth Management Inc. now owns 10,155 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 9,001 shares in the last quarter. Gerald Baker Financial Group LLC purchased a new stake in MFS Multimarket Income Trust during the first quarter valued at about $57,000. First Heartland Consultants Inc. purchased a new stake in MFS Multimarket Income Trust during the second quarter valued at about $66,000. Beacon Pointe Advisors LLC bought a new stake in MFS Multimarket Income Trust during the fourth quarter worth about $73,000. Finally, Jane Street Group LLC bought a new stake in MFS Multimarket Income Trust during the second quarter worth about $84,000. Hedge funds and other institutional investors own 18.97% of the company’s stock.

MFS Multimarket Income Trust Company Profile

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.