Truist Financial Cuts MSC Income Fund (NYSE:MSIF) Price Target to $16.00

MSC Income Fund (NYSE:MSIF) had its price objective decreased by Truist Financial from $17.00 to $16.00 in a report published on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

MSC Income Fund Price Performance

Shares of MSIF stock opened at $12.67 on Wednesday. The stock has a market capitalization of $597.38 million and a P/E ratio of -3,840.56. MSC Income Fund has a 12 month low of $11.78 and a 12 month high of $18.09.

MSC Income Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Tuesday, March 31st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Tuesday, March 31st.

MSC Income Fund (NYSE: MSIF) is a publicly traded investment company listed on the New York Stock Exchange that aims to provide shareholders with current income and the potential for capital appreciation through a diversified portfolio of income-producing assets. The fund offers investors a single vehicle to gain exposure to a variety of yield-generating securities managed under a unified investment strategy.

The fund’s portfolio strategy emphasizes a broad approach to income generation, with allocations that can include fixed-income instruments and other income-oriented securities.