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

Key Points

• MFS Intermediate Income Trust declared a monthly dividend of $0.0189 per share payable April 30 to shareholders of record April 14 (ex-dividend date April 14), implying an annualized yield of about 9.2%.
• MIN opened at $2.48, trading in a 52-week range of $2.44–$2.73, with a 50-day moving average of $2.54 and a 200-day moving average of $2.60.
• The Trust is a closed-end fund that invests in intermediate-duration fixed-income securities (investment-grade corporates, mortgage- and asset-backed securities and select non-investment-grade debt) and may use leverage to enhance income.

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Tuesday, April 14th will be given a dividend of 0.0189 per share by the financial services provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, April 14th.

MFS Intermediate Income Trust Price Performance

MIN opened at $2.48 on Friday. MFS Intermediate Income Trust has a fifty-two week low of $2.44 and a fifty-two week high of $2.73. The company's 50 day moving average price is $2.54 and its two-hundred day moving average price is $2.60.

About MFS Intermediate Income Trust

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.

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