Mills Music Trust (OTCMKTS:MMTRS) to Issue Dividend Increase – $1.33 Per Share

Mills Music Trust (OTCMKTS:MMTRS) announced a dividend on Tuesday, September 10th, NASDAQ reports. Stockholders of record on Sunday, September 22nd will be given a dividend of 1.3349 per share on Monday, September 23rd. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from Mills Music Trust’s previous dividend of $0.48.

Mills Music Trust Price Performance

OTCMKTS:MMTRS opened at $45.50 on Thursday. Mills Music Trust has a one year low of $33.57 and a one year high of $49.00. The firm has a 50-day moving average of $35.31 and a 200-day moving average of $35.35.

Mills Music Trust Company Profile

Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable by EMI Mills Music Inc primarily in the United States. The payments of the contingent portion are based on royalty income generated by the catalogue.