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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Monday, June 1st. Investors of record on Tuesday, June 16th will be given a dividend of 0.0186 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, June 16th.

MFS Intermediate Income Trust Price Performance

MIN traded down $0.02 during midday trading on Tuesday, reaching $2.45. The company’s stock had a trading volume of 150,315 shares, compared to its average volume of 206,094. MFS Intermediate Income Trust has a 1 year low of $2.41 and a 1 year high of $2.73. The stock’s 50-day moving average is $2.47 and its 200-day moving average is $2.56.

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.