Mfs Govt Mkts (NYSE:MGF) to Issue Monthly Dividend of $0.02

Mfs Govt Mkts (NYSE:MGF) announced a monthly dividend on Friday, September 11th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of 0.02 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Mfs Govt Mkts Trading Up 1.1%

NYSE:MGF opened at $2.79 on Friday. Mfs Govt Mkts has a 52 week low of $2.72 and a 52 week high of $3.13. The firm has a 50-day moving average price of $2.83 and a two-hundred day moving average price of $2.87.

Institutional Trading of Mfs Govt Mkts

Hedge funds have recently bought and sold shares of the business. 1607 Capital Partners LLC grew its stake in Mfs Govt Mkts by 5.0% in the 2nd quarter. 1607 Capital Partners LLC now owns 2,392,698 shares of the company’s stock valued at $6,867,000 after purchasing an additional 113,961 shares during the period. Citadel Advisors LLC raised its stake in shares of Mfs Govt Mkts by 606.8% during the 2nd quarter. Citadel Advisors LLC now owns 75,970 shares of the company’s stock worth $218,000 after purchasing an additional 65,222 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of Mfs Govt Mkts by 44.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 139,560 shares of the company’s stock worth $401,000 after purchasing an additional 42,989 shares during the period. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Mfs Govt Mkts by 7.4% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 90,114 shares of the company’s stock worth $259,000 after buying an additional 6,185 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Mfs Govt Mkts by 12.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 101,447 shares of the company’s stock worth $291,000 after buying an additional 11,365 shares during the last quarter. 54.77% of the stock is currently owned by institutional investors.

About Mfs Govt Mkts

MFS Government Markets Income Trust (NYSE: MGF) is a closed-end investment company managed by MFS Investment Management. The trust seeks to provide current income by investing primarily in securities issued or guaranteed by the U.S. government, its agencies and instrumentalities.

Its portfolio may include Treasury securities, agency securities and mortgage-backed securities, along with other fixed-income investments considered consistent with its investment objectives. The value and income of these holdings can be affected by changes in interest rates, credit conditions and prepayment activity.

The trust provides investors with access to a professionally managed portfolio focused on government-related fixed-income markets.