MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Wednesday, April 17th will be given a dividend of 0.02 per share by the financial services provider on Tuesday, April 30th. This represents a $0.24 annualized dividend and a yield of 9.13%. The ex-dividend date is Tuesday, April 16th.
MFS Intermediate Income Trust has decreased its dividend payment by an average of 9.6% annually over the last three years and has increased its dividend every year for the last 1 years.
MFS Intermediate Income Trust Price Performance
MIN stock traded down $0.01 during midday trading on Wednesday, hitting $2.63. 398,319 shares of the company's stock were exchanged, compared to its average volume of 311,730. The business has a 50-day simple moving average of $2.71 and a two-hundred day simple moving average of $2.70. MFS Intermediate Income Trust has a 1-year low of $2.52 and a 1-year high of $2.88.
Institutional Investors Weigh In On MFS Intermediate Income Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. acquired a new stake in shares of MFS Intermediate Income Trust in the fourth quarter valued at $76,000. Janney Montgomery Scott LLC grew its stake in shares of MFS Intermediate Income Trust by 17.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 65,515 shares of the financial services provider's stock valued at $176,000 after buying an additional 9,553 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of MFS Intermediate Income Trust by 1.4% in the third quarter. Ameriprise Financial Inc. now owns 959,383 shares of the financial services provider's stock valued at $2,571,000 after buying an additional 13,587 shares in the last quarter. LPL Financial LLC grew its stake in shares of MFS Intermediate Income Trust by 14.8% in the third quarter. LPL Financial LLC now owns 62,280 shares of the financial services provider's stock valued at $167,000 after buying an additional 8,042 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of MFS Intermediate Income Trust by 12.7% in the third quarter. Invesco Ltd. now owns 1,154,925 shares of the financial services provider's stock valued at $3,095,000 after buying an additional 130,330 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company's stock.
About MFS Intermediate Income Trust
(
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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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