MFS Intermediate Income Trust (NYSE:MIN) Announces $0.02 Monthly Dividend

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.0192 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Tuesday, February 17th.

MFS Intermediate Income Trust Price Performance

Shares of MIN stock traded down $0.01 during mid-day trading on Tuesday, hitting $2.59. The stock had a trading volume of 240,526 shares, compared to its average volume of 208,574. MFS Intermediate Income Trust has a 12-month low of $2.58 and a 12-month high of $2.73. The firm’s 50-day moving average is $2.63 and its two-hundred day moving average is $2.65.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.