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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.0192 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Tuesday, February 17th.

MFS Intermediate Income Trust Price Performance

MIN traded down $0.01 during mid-day trading on Tuesday, reaching $2.59. 226,926 shares of the company traded hands, compared to its average volume of 205,745. The company’s fifty day moving average price is $2.63 and its 200-day moving average price is $2.65. MFS Intermediate Income Trust has a 52-week low of $2.58 and a 52-week high of $2.73.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of MFS Intermediate Income Trust by 6.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,232,821 shares of the financial services provider’s stock valued at $8,664,000 after purchasing an additional 206,565 shares during the last quarter. Osaic Holdings Inc. grew its position in MFS Intermediate Income Trust by 1,566.8% during the second quarter. Osaic Holdings Inc. now owns 2,080,926 shares of the financial services provider’s stock valued at $5,639,000 after buying an additional 1,956,078 shares during the period. Invesco Ltd. increased its holdings in MFS Intermediate Income Trust by 2.5% during the third quarter. Invesco Ltd. now owns 1,150,617 shares of the financial services provider’s stock valued at $3,084,000 after buying an additional 28,337 shares during the last quarter. Bank of America Corp DE raised its position in MFS Intermediate Income Trust by 26.2% in the third quarter. Bank of America Corp DE now owns 898,697 shares of the financial services provider’s stock worth $2,409,000 after acquiring an additional 186,567 shares during the period. Finally, Equitable Holdings Inc. raised its position in MFS Intermediate Income Trust by 14.5% in the third quarter. Equitable Holdings Inc. now owns 580,764 shares of the financial services provider’s stock worth $1,556,000 after acquiring an additional 73,737 shares during the period. 50.90% of the stock is currently owned by institutional investors.

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.