MFS Government Markets Income Trust (NYSE:MGF) Raises Dividend to $0.02 Per Share

MFS Government Markets Income Trust (NYSE:MGF - Get Free Report) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.0195 per share on Wednesday, April 30th. This represents a $0.23 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend 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 increased its dividend by an average of 41.3% annually over the last three years.

MFS Government Markets Income Trust Trading Down 1.1 %

Shares of MGF stock traded down $0.04 during trading on Friday, hitting $3.13. The company had a trading volume of 47,478 shares, compared to its average volume of 72,539. MFS Government Markets Income Trust has a one year low of $2.95 and a one year high of $3.39. The stock's 50-day moving average price is $3.11 and its 200 day moving average price is $3.14.

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.