MFS Government Markets Income Trust (NYSE:MGF) Plans Dividend Increase – $0.02 Per Share

MFS Government Markets Income Trust (NYSE:MGF) declared a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be given a dividend of 0.0198 per share on Wednesday, July 31st. This represents a $0.24 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend is Tuesday, July 16th. This is a boost from MFS Government Markets Income Trust’s previous monthly dividend of $0.02.

MFS Government Markets Income Trust has increased its dividend by an average of 4.3% annually over the last three years.

MFS Government Markets Income Trust Trading Up 0.3 %

NYSE MGF traded up $0.01 on Tuesday, hitting $3.08. The company’s stock had a trading volume of 56,466 shares, compared to its average volume of 101,751. MFS Government Markets Income Trust has a 1-year low of $2.91 and a 1-year high of $3.29. The company’s 50-day moving average is $3.08 and its 200 day moving average is $3.13.

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.