MFS Government Markets Income Trust (MGF) to Issue Monthly Dividend of $0.02 on October 31st

MFS Government Markets Income Trust (NYSE:MGF) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0204 per share on Thursday, October 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost 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 Down 0.3 %

Shares of MGF stock traded down $0.01 during trading on Thursday, hitting $3.28. The company had a trading volume of 97,243 shares, compared to its average volume of 100,393. The stock’s 50-day moving average is $3.22 and its two-hundred day moving average is $3.14. MFS Government Markets Income Trust has a 52 week low of $2.91 and a 52 week high of $3.39.

About MFS Government Markets Income Trust

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.