MFS Government Markets Income Trust (NYSE:MGF) Raises Dividend to $0.02 Per Share

MFS Government Markets Income Trust (NYSE:MGF) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be paid a dividend of 0.0198 per share on Wednesday, July 31st. This represents a $0.24 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Tuesday, July 16th. This is an increase from MFS Government Markets Income Trust’s previous monthly dividend of $0.02.

MFS Government Markets Income Trust has raised its dividend payment by an average of 4.3% per year over the last three years.

MFS Government Markets Income Trust Stock Performance

Shares of NYSE:MGF opened at $3.09 on Monday. The business has a fifty day moving average price of $3.08 and a two-hundred day moving average price of $3.12. MFS Government Markets Income Trust has a 1 year low of $2.91 and a 1 year high of $3.29.

MFS Government Markets Income Trust Company Profile

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S.