MFS Intermediate Income Trust (MIN) To Go Ex-Dividend on July 23rd

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Friday, July 10th. Stockholders 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 dividend 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 Price Performance

NYSE MIN opened at $2.46 on Tuesday. MFS Intermediate Income Trust has a 52-week low of $2.41 and a 52-week high of $2.72. The business has a 50 day simple moving average of $2.45 and a 200 day simple moving average of $2.51.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Several large investors have recently made changes to their positions in the stock. Sit Investment Associates Inc. raised its position in shares of MFS Intermediate Income Trust by 0.7% in the 4th quarter. Sit Investment Associates Inc. now owns 29,167,975 shares of the financial services provider’s stock worth $76,128,000 after acquiring an additional 213,250 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of MFS Intermediate Income Trust by 6.8% during 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 in the last quarter. Bank of America Corp DE grew its stake in MFS Intermediate Income Trust by 26.2% during the third quarter. Bank of America Corp DE now owns 898,697 shares of the financial services provider’s stock worth $2,409,000 after purchasing an additional 186,567 shares during the period. Equitable Holdings Inc. increased its holdings in MFS Intermediate Income Trust by 20.8% in the fourth quarter. Equitable Holdings Inc. now owns 701,847 shares of the financial services provider’s stock worth $1,832,000 after purchasing an additional 121,083 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in MFS Intermediate Income Trust by 3.6% in the fourth quarter. Osaic Holdings Inc. now owns 2,107,608 shares of the financial services provider’s stock valued at $5,501,000 after buying an additional 72,988 shares during the period. Institutional investors and hedge funds own 50.90% of the company’s stock.

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.