MFS Intermediate Income Trust (NYSE:MIN – Get Free Report)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.44 and traded as high as $2.44. MFS Intermediate Income Trust shares last traded at $2.4250, with a volume of 277,117 shares traded.
MFS Intermediate Income Trust Stock Performance
The firm’s 50 day moving average is $2.44 and its 200 day moving average is $2.49.
MFS Intermediate Income Trust Increases Dividend
The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 23rd were given a dividend of $0.02 per share. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02. The ex-dividend date was Thursday, July 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.
Institutional Investors Weigh In On 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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