MFS Intermediate High Income Fund (CIF) To Go Ex-Dividend on January 20th

MFS Intermediate High Income Fund (NYSE:CIF) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.0146 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend is Tuesday, January 20th. This is a 0.2% increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

MFS Intermediate High Income Fund Stock Performance

CIF stock opened at $1.72 on Friday. The company’s 50 day moving average is $1.72 and its 200 day moving average is $1.74. MFS Intermediate High Income Fund has a 1-year low of $1.52 and a 1-year high of $1.82.

Institutional Trading of MFS Intermediate High Income Fund

An institutional investor recently raised its position in MFS Intermediate High Income Fund stock. Pin Oak Investment Advisors Inc. increased its stake in MFS Intermediate High Income Fund (NYSE:CIF) by 107.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,900 shares of the company’s stock after acquiring an additional 86,000 shares during the period. Pin Oak Investment Advisors Inc. owned about 0.92% of MFS Intermediate High Income Fund worth $293,000 as of its most recent SEC filing. 6.85% of the stock is currently owned by institutional investors and hedge funds.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.