Mfs Govt Mkts (MGF) to Issue Monthly Dividend of $0.02 on January 30th

Mfs Govt Mkts (NYSE:MGF) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.0191 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Tuesday, January 20th.

Mfs Govt Mkts Trading Down 0.2%

NYSE MGF opened at $3.05 on Friday. The company has a fifty day moving average price of $3.06 and a 200-day moving average price of $3.08. Mfs Govt Mkts has a 1 year low of $2.96 and a 1 year high of $3.17.

Hedge Funds Weigh In On Mfs Govt Mkts

Hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new position in shares of Mfs Govt Mkts in the 3rd quarter worth approximately $32,000. BankPlus Wealth Management LLC bought a new stake in Mfs Govt Mkts during the third quarter worth $48,000. Susquehanna International Group LLP bought a new stake in Mfs Govt Mkts during the third quarter worth $49,000. Benjamin Edwards Inc. purchased a new position in Mfs Govt Mkts in the third quarter worth $78,000. Finally, Sheets Smith Investment Management bought a new position in Mfs Govt Mkts in the 3rd quarter valued at $90,000. Institutional investors own 54.77% of the company’s stock.

Mfs Govt Mkts Company Profile

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.