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

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.0192 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

MFS Intermediate Income Trust Stock Up 0.4%

Shares of NYSE:MIN traded up $0.01 during mid-day trading on Wednesday, hitting $2.56. 103,150 shares of the company traded hands, compared to its average volume of 217,441. The stock has a 50-day moving average price of $2.61 and a two-hundred day moving average price of $2.64. MFS Intermediate Income Trust has a 12-month low of $2.55 and a 12-month 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.