Mfs Govt Mkts (MGF) to Issue Monthly Dividend of $0.02 on March 31st

Mfs Govt Mkts (NYSE:MGF) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.0191 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 0.2% increase from Mfs Govt Mkts’s previous monthly dividend of $0.02.

Mfs Govt Mkts Stock Performance

Shares of MGF traded up $0.02 during mid-day trading on Friday, hitting $2.96. 92,052 shares of the company traded hands, compared to its average volume of 115,040. The business has a 50 day moving average of $3.01 and a 200 day moving average of $3.05. Mfs Govt Mkts has a 1-year low of $2.91 and a 1-year high of $3.17.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Mfs Govt Mkts by 20.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,155,974 shares of the company’s stock worth $3,607,000 after buying an additional 195,101 shares during the last quarter. Sheets Smith Investment Management purchased a new stake in shares of Mfs Govt Mkts during the third quarter valued at $90,000. Csenge Advisory Group grew its holdings in shares of Mfs Govt Mkts by 51.8% during the fourth quarter. Csenge Advisory Group now owns 31,322 shares of the company’s stock valued at $95,000 after buying an additional 10,694 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Mfs Govt Mkts in the 3rd quarter valued at $49,000. Finally, Raymond James Financial Inc. increased its position in shares of Mfs Govt Mkts by 7.8% in the 3rd quarter. Raymond James Financial Inc. now owns 303,194 shares of the company’s stock valued at $946,000 after acquiring an additional 21,821 shares during the period. Institutional investors and hedge funds own 54.77% of the company’s stock.

About Mfs Govt Mkts

MFS Government Markets Fund (NYSE: MGF) is a closed-end management investment company that seeks to provide current income consistent with preservation of capital and liquidity by investing primarily in U.S. government and government-related debt securities. The fund’s portfolio typically consists of U.S. Treasury obligations, agency securities and repurchase agreements collateralized by government-backed instruments. By concentrating on high-quality, sovereign-issued fixed income, MGF aims to offer investors relatively stable returns while minimizing exposure to credit risk.

The fund employs a disciplined, yield-curve-aware approach, blending short-term and intermediate-term maturities to balance income generation with interest-rate sensitivity.