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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Tuesday, August 11th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.02 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Monday, August 24th.

MFS Intermediate Income Trust Stock Performance

MFS Intermediate Income Trust stock traded up $0.01 during midday trading on Wednesday, reaching $2.46. The stock had a trading volume of 37,207 shares, compared to its average volume of 239,821. MFS Intermediate Income Trust has a 12 month low of $2.39 and a 12 month high of $2.72. The company has a fifty day moving average price of $2.44 and a two-hundred day moving average price of $2.49.

Institutional Investors Weigh In On MFS Intermediate Income Trust

A number of hedge funds have recently added to or reduced their stakes in MIN. Sit Investment Associates Inc. raised its position in shares of MFS Intermediate Income Trust by 0.7% during the fourth quarter. Sit Investment Associates Inc. now owns 29,167,975 shares of the financial services provider’s stock worth $76,128,000 after purchasing an additional 213,250 shares during the period. Ameriprise Financial Inc. grew its position in MFS Intermediate Income Trust by 6.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,232,821 shares of the financial services provider’s stock valued at $8,664,000 after purchasing an additional 206,565 shares during the period. Osaic Holdings Inc. grew its position in MFS Intermediate Income Trust by 3.6% in the 4th quarter. Osaic Holdings Inc. now owns 2,107,608 shares of the financial services provider’s stock valued at $5,501,000 after purchasing an additional 72,988 shares during the period. Invesco Ltd. increased its stake in MFS Intermediate Income Trust by 2.5% during the 3rd quarter. Invesco Ltd. now owns 1,150,617 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 28,337 shares in the last quarter. Finally, LPL Financial LLC increased its stake in MFS Intermediate Income Trust by 1.7% during the 4th quarter. LPL Financial LLC now owns 1,048,765 shares of the financial services provider’s stock valued at $2,737,000 after purchasing an additional 17,289 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.

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.