MFS Intermediate Income Trust (MIN) To Go Ex-Dividend on June 16th

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Monday, June 1st. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.0186 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, June 16th.

MFS Intermediate Income Trust Stock Up 0.6%

Shares of NYSE MIN opened at $2.47 on Friday. The business’s 50 day moving average is $2.46 and its two-hundred day moving average is $2.54. MFS Intermediate Income Trust has a 12 month low of $2.41 and a 12 month high of $2.73.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MIN. Invesco Ltd. increased its position in MFS Intermediate Income Trust by 2.0% in the 2nd quarter. Invesco Ltd. now owns 1,122,280 shares of the financial services provider’s stock worth $3,041,000 after buying an additional 22,248 shares during the period. Raymond James Financial Inc. grew its holdings in shares of MFS Intermediate Income Trust by 10.9% during the 2nd quarter. Raymond James Financial Inc. now owns 132,779 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 12,998 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of MFS Intermediate Income Trust by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,026,256 shares of the financial services provider’s stock worth $8,191,000 after purchasing an additional 79,470 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of MFS Intermediate Income Trust by 6.5% during the 2nd quarter. Bank of America Corp DE now owns 712,130 shares of the financial services provider’s stock worth $1,930,000 after purchasing an additional 43,686 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of MFS Intermediate Income Trust during the 3rd quarter worth approximately $108,000. 50.90% of the stock is owned by institutional investors.

About MFS Intermediate Income Trust

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.