Mills Music Trust (OTCMKTS:MMTRS) Increases Dividend to $1.33 Per Share

Mills Music Trust (OTCMKTS:MMTRS) announced a dividend on Tuesday, September 10th, NASDAQ reports. Stockholders of record on Sunday, September 22nd will be paid a dividend of 1.3349 per share on Monday, September 23rd. The ex-dividend date is Friday, September 20th. This is an increase from Mills Music Trust’s previous dividend of $0.48.

Mills Music Trust Stock Performance

Shares of MMTRS opened at $35.91 on Wednesday. The firm’s 50-day moving average is $35.10 and its two-hundred day moving average is $35.27. Mills Music Trust has a twelve month low of $33.57 and a twelve month high of $39.99.

Mills Music Trust Company Profile

Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable by EMI Mills Music Inc primarily in the United States. The payments of the contingent portion are based on royalty income generated by the catalogue.