MFS Intermediate Income Trust (NYSE:MIN) Plans Monthly Dividend of $0.02
by Scott Moore · The Cerbat GemMFS Intermediate Income Trust (NYSE:MIN – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Tuesday, April 14th will be given a dividend of 0.0189 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, April 14th.
MFS Intermediate Income Trust Price Performance
MFS Intermediate Income Trust stock opened at $2.48 on Friday. MFS Intermediate Income Trust has a one year low of $2.44 and a one year high of $2.73. The company’s fifty day moving average price is $2.54 and its two-hundred day moving average price is $2.60.
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.