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

MFS Government Markets Income Trust (NYSE:MGF) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.0193 per share on Monday, March 31st. This represents a $0.23 annualized dividend and a dividend yield of 7.39%. The ex-dividend date is Tuesday, March 18th. 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 41.3% annually over the last three years.

MFS Government Markets Income Trust Price Performance

MFS Government Markets Income Trust stock remained flat at $3.14 during midday trading on Tuesday. The company’s stock had a trading volume of 30,097 shares, compared to its average volume of 41,834. MFS Government Markets Income Trust has a 1 year low of $2.95 and a 1 year high of $3.39. The firm’s 50 day moving average is $3.08 and its 200-day moving average is $3.15.

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.