MFS Multimarket Income Trust (NYSE:MMT) Shares to Pay Monthly Dividend of $0.16

MFS Multimarket Income Trust (NYSE:MMT) announced a monthly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.16 per share by the closed-end fund on Monday, November 30th. This represents a $1.92 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Friday, November 20th.

MFS Multimarket Income Trust Stock Performance

Shares of MFS Multimarket Income Trust stock traded down $0.10 on Wednesday, hitting $17.17. 14,058 shares of the company’s stock traded hands, compared to its average volume of 50,760. The firm’s 50-day moving average price is $17.16 and its two-hundred day moving average price is $17.88. MFS Multimarket Income Trust has a one year low of $16.40 and a one year high of $19.16.

Hedge Funds Weigh In On MFS Multimarket Income Trust

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in shares of MFS Multimarket Income Trust by 3.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,450,887 shares of the closed-end fund’s stock worth $15,943,000 after buying an additional 106,882 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of MFS Multimarket Income Trust in the 1st quarter valued at approximately $1,558,000. NewEdge Advisors LLC raised its position in shares of MFS Multimarket Income Trust by 260.5% in the 2nd quarter. NewEdge Advisors LLC now owns 187,488 shares of the closed-end fund’s stock valued at $825,000 after acquiring an additional 135,487 shares during the period. Cetera Investment Advisers raised its position in shares of MFS Multimarket Income Trust by 75.7% in the 1st quarter. Cetera Investment Advisers now owns 178,117 shares of the closed-end fund’s stock valued at $823,000 after acquiring an additional 76,756 shares during the period. Finally, Fortitude Advisory Group L.L.C. boosted its stake in MFS Multimarket Income Trust by 83.9% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 163,481 shares of the closed-end fund’s stock worth $719,000 after acquiring an additional 74,568 shares during the last quarter. Institutional investors and hedge funds own 18.97% of the company’s stock.

MFS Multimarket Income Trust Company Profile

MFS Multimarket Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol MMT. The fund seeks to provide high current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of fixed-income securities. The trust invests across multiple sectors and geographies, including government and corporate debt, mortgage-backed and asset-backed securities, and securities issued by companies and governments in developed and emerging markets.