MFS Intermediate Income Trust (NYSE:MIN – Get Free Report)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.47 and traded as low as $2.43. MFS Intermediate Income Trust shares last traded at $2.44, with a volume of 189,709 shares.
MFS Intermediate Income Trust Stock Performance
The business has a 50 day moving average price of $2.47 and a 200-day moving average price of $2.56.
MFS Intermediate Income Trust Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.0188 per share. The ex-dividend date is Tuesday, May 19th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.
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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