MFS Government Markets Income Trust to Issue Monthly Dividend of $0.02 (NYSE:MGF)

MFS Government Markets Income Trust (NYSE:MGF) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Wednesday, April 17th will be given a dividend of 0.02 per share on Tuesday, April 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date is Tuesday, April 16th.

MFS Government Markets Income Trust has decreased its dividend payment by an average of 10.6% annually over the last three years.

MFS Government Markets Income Trust Stock Performance

Shares of MGF remained flat at $3.16 during trading hours on Wednesday. 67,455 shares of the company were exchanged, compared to its average volume of 124,623. MFS Government Markets Income Trust has a 52 week low of $2.91 and a 52 week high of $3.46. The company’s 50-day simple moving average is $3.14 and its 200-day simple moving average is $3.11.

Institutional Trading of MFS Government Markets Income Trust

Several hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in shares of MFS Government Markets Income Trust by 0.9% in the 1st quarter. LPL Financial LLC now owns 424,987 shares of the company’s stock worth $1,402,000 after buying an additional 3,619 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of MFS Government Markets Income Trust by 6.9% in the 1st quarter. NewEdge Advisors LLC now owns 266,381 shares of the company’s stock worth $1,007,000 after buying an additional 17,200 shares during the last quarter. Morgan Stanley grew its holdings in MFS Government Markets Income Trust by 103.4% during the 4th quarter. Morgan Stanley now owns 230,183 shares of the company’s stock valued at $762,000 after purchasing an additional 117,025 shares during the last quarter. Royal Bank of Canada grew its holdings in MFS Government Markets Income Trust by 400.1% during the 4th quarter. Royal Bank of Canada now owns 62,320 shares of the company’s stock valued at $198,000 after purchasing an additional 49,858 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in MFS Government Markets Income Trust during the 1st quarter valued at about $90,000. Hedge funds and other institutional investors own 54.77% of the company’s stock.

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.