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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Friday, May 1st. Investors of record on Tuesday, May 19th will be given a dividend of 0.0188 per share by the financial services provider on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Tuesday, May 19th.

MFS Intermediate Income Trust Stock Down 1.0%

MIN opened at $2.46 on Friday. The company has a fifty day simple moving average of $2.48 and a 200 day simple moving average of $2.57. MFS Intermediate Income Trust has a twelve month low of $2.44 and a twelve month high of $2.73.

About MFS Intermediate Income Trust

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.