MFS Intermediate High Income Fund (NYSE:CIF) Plans Dividend Increase – $0.01 Per Share

MFS Intermediate High Income Fund (NYSE:CIF) declared a monthly dividend on Friday, January 2nd. Investors of record on Tuesday, January 20th will be paid a dividend of 0.0146 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Tuesday, January 20th. This is a 0.2% increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

MFS Intermediate High Income Fund Stock Performance

CIF stock opened at $1.72 on Friday. MFS Intermediate High Income Fund has a 1-year low of $1.52 and a 1-year high of $1.82. The business has a fifty day moving average price of $1.72 and a 200-day moving average price of $1.74.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate?duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.