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

Key Points

• MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend of $0.02 per share, payable on August 29th to stockholders of record as of August 19th.
• The announced dividend results in an annualized dividend yield of 8.7%.
• Shares of MIN traded up 0.6% on the announcement, reaching a price of $2.70, with a 12-month range between $2.61 and $2.79.

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) announced a monthly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Tuesday, August 19th will be given a dividend of 0.0194 per share by the financial services provider on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 8.7%. The ex-dividend date of this dividend is Tuesday, August 19th.

MFS Intermediate Income Trust Trading Up 0.6%

Shares of MIN stock traded up $0.02 during trading hours on Monday, hitting $2.70. The company had a trading volume of 90,169 shares, compared to its average volume of 183,484. MFS Intermediate Income Trust has a 12 month low of $2.61 and a 12 month high of $2.79. The firm's fifty day moving average is $2.67 and its 200 day moving average is $2.68.

MFS Intermediate Income Trust Company Profile

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.

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