MFS Intermediate Income Trust (NYSE:MIN – Get Free Report) Director Todd Reit bought 4,400 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was acquired at an average cost of $2.49 per share, with a total value of $10,956.00. Following the completion of the transaction, the director directly owned 4,400 shares of the company’s stock, valued at approximately $10,956. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
MFS Intermediate Income Trust Stock Performance
MFS Intermediate Income Trust stock opened at $2.40 on Friday. MFS Intermediate Income Trust has a 1-year low of $2.39 and a 1-year high of $2.72. The firm’s fifty day simple moving average is $2.44 and its 200-day simple moving average is $2.50.
MFS Intermediate Income Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Thursday, July 23rd will be issued a dividend of $0.02 per share. This represents a c) annualized dividend and a yield of 10.0%. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date is Thursday, July 23rd.
Institutional Trading of MFS Intermediate Income Trust
MFS Intermediate Income Trust Company Profile
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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