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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.0196 per share by the financial services provider on Monday, March 31st. This represents a $0.24 annualized dividend and a dividend yield of 8.71%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

MFS Intermediate Income Trust Price Performance

MFS Intermediate Income Trust stock traded down $0.02 during midday trading on Tuesday, reaching $2.71. The company’s stock had a trading volume of 80,724 shares, compared to its average volume of 156,832. MFS Intermediate Income Trust has a fifty-two week low of $2.56 and a fifty-two week high of $2.79. The stock’s 50 day simple moving average is $2.68 and its 200 day simple moving average is $2.71.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.