MFS Intermediate Income Trust (NYSE:MIN) Plans Dividend Increase – $0.02 Per Share

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Friday, July 10th. Investors of record on Thursday, July 23rd will be given a dividend of 0.02 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Thursday, July 23rd. This is a 7.4% increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

MFS Intermediate Income Trust Stock Performance

Shares of MIN stock opened at $2.46 on Tuesday. The firm has a fifty day simple moving average of $2.45 and a two-hundred day simple moving average of $2.51. MFS Intermediate Income Trust has a 12 month low of $2.41 and a 12 month high of $2.72.

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.