Mfs Govt Mkts (MGF) To Go Ex-Dividend on May 19th

Mfs Govt Mkts (NYSE:MGF) announced a monthly dividend on Friday, May 1st. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.0187 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Tuesday, May 19th.

Mfs Govt Mkts Stock Down 0.9%

NYSE:MGF opened at $2.88 on Friday. Mfs Govt Mkts has a 1 year low of $2.86 and a 1 year high of $3.14. The business has a 50 day simple moving average of $2.93 and a 200-day simple moving average of $3.00.

Institutional Investors Weigh In On Mfs Govt Mkts

Several institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Mfs Govt Mkts by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,166,824 shares of the company’s stock valued at $3,430,000 after purchasing an additional 10,850 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Mfs Govt Mkts by 3.6% in the 1st quarter. Private Advisor Group LLC now owns 1,425,641 shares of the company’s stock valued at $4,191,000 after purchasing an additional 49,552 shares during the last quarter. TrueMark Investments LLC bought a new position in Mfs Govt Mkts during the 1st quarter valued at about $178,000. TMB Capital Partners LLC bought a new position in Mfs Govt Mkts during the 4th quarter valued at about $30,000. Finally, Cetera Investment Advisers grew its holdings in Mfs Govt Mkts by 44.8% during the 4th quarter. Cetera Investment Advisers now owns 14,950 shares of the company’s stock valued at $45,000 after purchasing an additional 4,624 shares during the last quarter. 54.77% of the stock is owned by institutional investors.

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.