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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.0196 per share by the financial services provider on Monday, March 31st. This represents a $0.24 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

MFS Intermediate Income Trust Trading Down 0.6 %

Shares of MIN stock traded down $0.02 during mid-day trading on Tuesday, reaching $2.71. The stock had a trading volume of 80,724 shares, compared to its average volume of 156,832. MFS Intermediate Income Trust has a 12-month low of $2.56 and a 12-month high of $2.79. The business has a 50-day simple moving average of $2.68 and a 200 day simple moving average of $2.71.

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.