MFS Intermediate Income Trust (NYSE:MIN – Get Free Report) declared a monthly dividend on Friday, May 1st. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.0188 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date is Tuesday, May 19th.
MFS Intermediate Income Trust Trading Down 1.0%
NYSE MIN opened at $2.46 on Friday. MFS Intermediate Income Trust has a 12 month low of $2.44 and a 12 month high of $2.73. The company’s fifty day moving average price is $2.48 and its two-hundred day moving average price is $2.57.
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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