MFS Intermediate Income Trust (NYSE:MIN) Shares Will Pay Monthly Dividend of $0.11

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be paid a dividend of $0.11 per share by the financial services provider on Monday, November 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Friday, November 20th. This is a 8.3% decrease from MFS Intermediate Income Trust’s previous monthly dividend of $0.12.

MFS Intermediate Income Trust Trading Down 0.1%

Shares of NYSE MIN traded down $0.02 during mid-day trading on Wednesday, reaching $14.07. The company had a trading volume of 520 shares, compared to its average volume of 39,360. MFS Intermediate Income Trust has a twelve month low of $13.61 and a twelve month high of $16.02. The stock’s 50 day moving average is $14.08 and its 200-day moving average is $14.70.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE:MIN) is a closed-end investment company managed by MFS Investment Management. The fund seeks to provide a high level of current income while also pursuing preservation of capital as a secondary objective. The trust invests primarily in a diversified portfolio of fixed-income securities, including government and corporate bonds, mortgage- and asset-backed securities, and other debt instruments. Its holdings may include both investment-grade and below-investment-grade securities issued by U.S. and international borrowers, giving the portfolio exposure to a range of credit qualities, maturities, industries, and geographies.