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

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.0196 per share by the financial services provider on Friday, February 28th. This represents a $0.23 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date is Tuesday, February 18th.

MFS Intermediate Income Trust has raised its dividend payment by an average of 42.4% per year over the last three years.

MFS Intermediate Income Trust Stock Performance

Shares of MIN stock traded up $0.02 during trading hours on Tuesday, reaching $2.72. The company had a trading volume of 89,621 shares, compared to its average volume of 150,456. MFS Intermediate Income Trust has a 1-year low of $2.56 and a 1-year high of $2.81. The company has a 50 day moving average of $2.68 and a 200 day moving average of $2.71.

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.