MFS Intermediate Income Trust (NYSE:MIN) Shareholders to Collect $0.11 Monthly Dividend

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be paid a dividend of $0.11 per share by the financial services provider on Monday, November 30th. This represents a $1.32 annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Friday, November 20th. This is a 8.3% decrease from MFS Intermediate Income Trust’s previous monthly dividend of $0.12.

MFS Intermediate Income Trust Stock Down 0.1%

MFS Intermediate Income Trust stock traded down $0.02 during mid-day trading on Wednesday, reaching $14.07. 1,519 shares of the stock traded hands, compared to its average volume of 39,361. MFS Intermediate Income Trust has a 12-month low of $13.61 and a 12-month high of $16.02. The business’s 50-day moving average is $14.08 and its 200-day moving average is $14.70.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. GatePass Capital LLC boosted its holdings in shares of MFS Intermediate Income Trust by 2,212.3% in the second quarter. GatePass Capital LLC now owns 601,200 shares of the financial services provider’s stock worth $1,485,000 after buying an additional 575,200 shares during the last quarter. Private Advisor Group LLC grew its position in MFS Intermediate Income Trust by 1.5% during the first quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider’s stock valued at $872,000 after buying an additional 5,075 shares during the period. Compound Planning Inc. grew its position in MFS Intermediate Income Trust by 49.9% during the first quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider’s stock valued at $65,000 after buying an additional 8,584 shares during the period. Advisory Solutions Group LLC purchased a new stake in MFS Intermediate Income Trust during the second quarter valued at approximately $43,000. Finally, Ameritas Advisory Services LLC increased its holdings in MFS Intermediate Income Trust by 24.3% during the second quarter. Ameritas Advisory Services LLC now owns 333,668 shares of the financial services provider’s stock valued at $824,000 after buying an additional 65,151 shares during the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust (NYSE:MIN) is a closed-end investment company managed by MFS Investment Management. The fund seeks to provide a high level of current income while also pursuing preservation of capital as a secondary objective. The trust invests primarily in a diversified portfolio of fixed-income securities, including government and corporate bonds, mortgage- and asset-backed securities, and other debt instruments. Its holdings may include both investment-grade and below-investment-grade securities issued by U.S. and international borrowers, giving the portfolio exposure to a range of credit qualities, maturities, industries, and geographies.