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

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 0.0201 per share by the financial services provider on Wednesday, July 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 9.02%. The ex-dividend date of this dividend is Tuesday, July 16th. This is an increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

MFS Intermediate Income Trust has raised its dividend payment by an average of 0.8% annually over the last three years.

MFS Intermediate Income Trust Price Performance

NYSE MIN traded up $0.01 during trading hours on Tuesday, hitting $2.67. The company’s stock had a trading volume of 145,485 shares, compared to its average volume of 284,168. MFS Intermediate Income Trust has a 52 week low of $2.52 and a 52 week high of $2.85. The company’s 50-day simple moving average is $2.62 and its two-hundred day simple moving average is $2.68.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets across the globe. It primarily invests in debt instruments. The fund seeks to benchmarks the performance of its portfolio against the Barclays Intermediate U.S.