Mfs Govt Mkts (NYSE:MGF) Shares to Pay Monthly Dividend of $0.09

Mfs Govt Mkts (NYSE:MGF) announced a monthly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be paid a dividend of $0.09 per share on Monday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, November 20th. This is a 10.0% decrease from Mfs Govt Mkts’s previous monthly dividend of $0.10.

Mfs Govt Mkts Trading Up 0.3%

NYSE:MGF traded up $0.04 during midday trading on Wednesday, reaching $13.65. 7,065 shares of the company traded hands, compared to its average volume of 18,272. Mfs Govt Mkts has a twelve month low of $13.20 and a twelve month high of $15.65. The company has a fifty day moving average price of $13.68 and a 200 day moving average price of $14.30.

About Mfs Govt Mkts

MFS Government Markets Income Trust (NYSE: MGF) is a closed-end investment company that seeks to provide investors with a high level of current income, with capital appreciation considered a secondary objective. The fund invests primarily in government-related fixed-income securities. Its portfolio may include obligations issued or guaranteed by the U.S. government, U.S. government agencies and instrumentalities, as well as mortgage-related securities and other income-producing debt instruments.