MFS Intermediate Income Trust (MIN) to Distribute Monthly Dividend of $0.02 on August 31st

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Tuesday, August 11th. Investors of record on Monday, August 24th will be given a dividend of 0.02 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date is Monday, August 24th.

MFS Intermediate Income Trust Stock Performance

MIN stock opened at $2.46 on Friday. MFS Intermediate Income Trust has a fifty-two week low of $2.39 and a fifty-two week high of $2.72. The business’s fifty day moving average price is $2.44 and its two-hundred day moving average price is $2.48.

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.