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

MFS Multimarket Income Trust (NYSE:MMT) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.0337 per share by the closed-end fund on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Tuesday, January 20th.

MFS Multimarket Income Trust Stock Performance

Shares of MMT opened at $4.72 on Friday. The business has a 50-day moving average of $4.68 and a 200-day moving average of $4.71. MFS Multimarket Income Trust has a 1 year low of $4.31 and a 1 year high of $4.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Focus Partners Wealth boosted its stake in shares of MFS Multimarket Income Trust by 14.1% in the 1st quarter. Focus Partners Wealth now owns 28,645 shares of the closed-end fund’s stock valued at $133,000 after purchasing an additional 3,550 shares during the last quarter. Ameriprise Financial Inc. raised its stake in 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 buying an additional 5,161 shares during the last quarter. Invesco Ltd. lifted its holdings in MFS Multimarket Income Trust by 1.1% in the third quarter. Invesco Ltd. now owns 771,385 shares of the closed-end fund’s stock valued at $3,687,000 after buying an additional 8,367 shares during the period. Geneos Wealth Management Inc. boosted its position in MFS Multimarket Income Trust by 780.0% during the first 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 during the last quarter. Finally, Shaker Financial Services LLC boosted its position in MFS Multimarket Income Trust by 4.1% during the third 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 during the last quarter. 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.