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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be paid a dividend of 0.0193 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Tuesday, January 20th.

MFS Intermediate Income Trust Stock Down 0.2%

MFS Intermediate Income Trust stock opened at $2.64 on Friday. The business’s 50-day moving average price is $2.64 and its 200 day moving average price is $2.66. MFS Intermediate Income Trust has a 52 week low of $2.59 and a 52 week high of $2.73.

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.