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

MFS Intermediate High Income Fund (NYSE:CIF) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be paid a dividend of 0.0147 per share on Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 10.15%. The ex-dividend date is Tuesday, March 18th. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

MFS Intermediate High Income Fund has increased its dividend by an average of 4.0% annually over the last three years.

MFS Intermediate High Income Fund Stock Performance

Shares of CIF stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.74. The company’s stock had a trading volume of 411,479 shares, compared to its average volume of 103,060. MFS Intermediate High Income Fund has a 52 week low of $1.62 and a 52 week high of $1.83. The company’s fifty day simple moving average is $1.74 and its 200-day simple moving average is $1.75.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.