MFS Intermediate Income Trust (NYSE:MIN – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.45 and traded as high as $2.47. MFS Intermediate Income Trust shares last traded at $2.4650, with a volume of 105,202 shares trading hands.
MFS Intermediate Income Trust Stock Up 0.6%
The business has a fifty day moving average price of $2.45 and a 200-day moving average price of $2.51.
MFS Intermediate Income Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Thursday, July 23rd will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a c) annualized dividend and a dividend yield of 9.7%. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.
Hedge Funds Weigh In On MFS Intermediate Income Trust
About MFS Intermediate Income Trust
MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.
The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.
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