Mfs Govt Mkts (NYSE:MGF) Shares Will Pay Monthly Dividend of $0.09

Mfs Govt Mkts (NYSE:MGF) announced a monthly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be given a dividend of $0.09 per share on Monday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Friday, November 20th. This is a 10.0% decrease from Mfs Govt Mkts’s previous monthly dividend of $0.10.

Mfs Govt Mkts Price Performance

MGF stock traded up $0.04 during midday trading on Wednesday, hitting $13.65. The stock had a trading volume of 7,065 shares, compared to its average volume of 18,272. The business has a 50-day moving average of $13.68 and a two-hundred day moving average of $14.30. Mfs Govt Mkts has a 52-week low of $13.20 and a 52-week high of $15.65.

Mfs Govt Mkts Company Profile

MFS Government Markets Income Trust (NYSE: MGF) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation considered a secondary objective. The fund invests primarily in government-related fixed-income securities. Its portfolio may include obligations issued or guaranteed by the U.S. government, U.S. government agencies and instrumentalities, as well as mortgage-related securities and other income-producing debt instruments.