Mfs Govt Mkts to Issue Monthly Dividend of $0.02 (NYSE:MGF)

by · The Markets Daily

Mfs Govt Mkts (NYSE:MGF – Get Free Report) announced a monthly dividend on Friday, September 11th. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.02 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Tuesday, September 22nd.

Mfs Govt Mkts Trading Up 1.1%

Shares of NYSE MGF opened at $2.79 on Friday. The firm’s 50-day moving average price is $2.83 and its 200-day moving average price is $2.87. Mfs Govt Mkts has a 1-year low of $2.72 and a 1-year high of $3.13.

About Mfs Govt Mkts

(Get Free Report)

MFS Government Markets Income Trust (NYSE: MGF) is a closed-end investment company managed by MFS Investment Management. The trust seeks to provide current income by investing primarily in securities issued or guaranteed by the U.S. government, its agencies and instrumentalities.

Its portfolio may include Treasury securities, agency securities and mortgage-backed securities, along with other fixed-income investments considered consistent with its investment objectives. The value and income of these holdings can be affected by changes in interest rates, credit conditions and prepayment activity.

The trust provides investors with access to a professionally managed portfolio focused on government-related fixed-income markets.

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