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

MFS Intermediate Income Trust (NYSE:MIN) declared 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) dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Monday, August 24th.

MFS Intermediate Income Trust Stock Up 0.2%

Shares of NYSE:MIN traded up $0.01 during midday trading on Wednesday, reaching $2.46. The company’s stock had a trading volume of 37,207 shares, compared to its average volume of 239,821. MFS Intermediate Income Trust has a fifty-two week low of $2.39 and a fifty-two week high of $2.72. The firm has a 50 day moving average price of $2.44 and a two-hundred day moving average price of $2.49.

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.