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

Key Points

• MFS Intermediate Income Trust (NYSE:MIN) has declared a monthly dividend of $0.0195 per share, payable on September 30th to investors who hold shares by September 16th.
• The new dividend represents a 0.4% increase compared to the previous monthly dividend, and offers an annualized yield of 8.7%.
• The company's stock price remained stable at $2.69 during midday trading, with a current 12-month low of $2.61 and high of $2.79.

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Investors of record on Tuesday, September 16th will be given a dividend of 0.0195 per share by the financial services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, September 16th. This is a 0.4% increase from MFS Intermediate Income Trust's previous monthly dividend of $0.02.

MFS Intermediate Income Trust Price Performance

MFS Intermediate Income Trust stock remained flat at $2.69 during midday trading on Wednesday. 101,277 shares of the company were exchanged, compared to its average volume of 180,341. MFS Intermediate Income Trust has a 12 month low of $2.61 and a 12 month high of $2.79. The stock has a 50-day simple moving average of $2.68 and a two-hundred day simple moving average of $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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