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

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Monday, February 2nd. Investors of record on Tuesday, February 17th will be paid a dividend of 0.0338 per share by the closed-end fund on Friday, February 27th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Tuesday, February 17th. This is a 0.2% increase from MFS Multimarket Income Trust’s previous monthly dividend of $0.03.

MFS Multimarket Income Trust Price Performance

MMT traded up $0.02 during midday trading on Tuesday, reaching $4.72. 48,913 shares of the company were exchanged, compared to its average volume of 86,073. MFS Multimarket Income Trust has a one year low of $4.31 and a one year high of $4.87. The stock’s 50-day simple moving average is $4.69 and its 200 day simple moving average is $4.71.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Several institutional investors and hedge funds have recently modified their holdings of MMT. Focus Partners Wealth raised its holdings in MFS Multimarket Income Trust by 14.1% during the 1st quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock worth $133,000 after buying an additional 3,550 shares during the period. Ameriprise Financial Inc. increased its position in shares of MFS Multimarket Income Trust by 23.1% during the second quarter. Ameriprise Financial Inc. now owns 27,513 shares of the closed-end fund’s stock worth $129,000 after acquiring an additional 5,161 shares in the last quarter. Invesco Ltd. raised its holdings in shares of MFS Multimarket Income Trust by 1.1% during the third quarter. Invesco Ltd. now owns 771,385 shares of the closed-end fund’s stock worth $3,687,000 after acquiring an additional 8,367 shares during the period. Geneos Wealth Management Inc. lifted its position 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 valued at $47,000 after acquiring an additional 9,001 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its position in MFS Multimarket Income Trust by 4.1% in the 3rd quarter. Shaker Financial Services LLC now owns 234,726 shares of the closed-end fund’s stock valued at $1,122,000 after acquiring an additional 9,345 shares in the last quarter. 18.97% of the stock is currently owned by institutional investors and hedge funds.

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.