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

MFS Government Markets Income Trust (NYSE:MGF) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.0195 per share on Wednesday, April 30th. This represents a $0.23 annualized dividend and a yield of 7.37%. The ex-dividend date is Tuesday, April 15th. This is a 0.7% 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% per year over the last three years.

MFS Government Markets Income Trust Stock Performance

Shares of MGF opened at $3.17 on Thursday. The company’s fifty day moving average is $3.11 and its two-hundred day moving average is $3.14. MFS Government Markets Income Trust has a fifty-two week low of $2.95 and a fifty-two 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.