MFS Intermediate Income Trust (MIN) to Issue Dividend Increase – $0.03 Per Share
MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Shareholders of record on Wednesday, September 13th will be given a dividend of 0.0322 per share by the financial services provider on Friday, September 29th. This represents a $0.39 annualized dividend and a yield of 9.01%. The ex-dividend date is Tuesday, September 12th. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.03.
MFS Intermediate Income Trust has decreased its dividend by an average of 6.2% per year over the last three years.
MFS Intermediate Income Trust (NYSE:MIN) traded down 0.70% on Tuesday, reaching $4.28. The company’s stock had a trading volume of 368,169 shares. The firm’s 50 day moving average is $4.31 and its 200-day moving average is $4.32. MFS Intermediate Income Trust has a 12 month low of $4.21 and a 12 month high of $4.65.
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MFS Intermediate Income Trust Company Profile
MFS Intermediate Income Trust (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation. The Fund’s investment portfolio includes Investment Grade Corporates, the Non-United States Government Bonds, the United States Treasury Securities, Emerging Markets Bonds, Asset-Backed Securities, Mortgage-Backed Securities, High Yield Corporates, the United States Government Agencies, Residential Mortgage-Backed Securities, Commercial Mortgage-Backed Securities and Collateralized Debt Obligations.
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