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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Tuesday, January 14th will be given a dividend of 0.0198 per share by the financial services provider on Friday, January 31st. This represents a $0.24 dividend on an annualized basis and a yield of 8.88%. The ex-dividend date of this dividend is Tuesday, January 14th.

MFS Intermediate Income Trust has raised its dividend by an average of 0.8% per year over the last three years.

MFS Intermediate Income Trust Stock Performance

MIN traded up $0.01 during trading on Friday, reaching $2.67. The company had a trading volume of 125,480 shares, compared to its average volume of 148,090. The business’s fifty day moving average price is $2.69 and its 200 day moving average price is $2.71. MFS Intermediate Income Trust has a 12 month low of $2.56 and a 12 month high of $2.85.

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.