MFS Intermediate Income Trust (NYSE:MIN) Announces Dividend Increase – $0.02 Per Share

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0204 per share by the financial services provider on Thursday, October 31st. This represents a $0.25 annualized dividend and a dividend yield of 8.88%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

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

MFS Intermediate Income Trust Stock Performance

Shares of MIN stock remained flat at $2.76 on Wednesday. The company had a trading volume of 174,516 shares, compared to its average volume of 246,104. The stock’s fifty day moving average is $2.74 and its two-hundred day moving average is $2.67. MFS Intermediate Income Trust has a twelve month low of $2.52 and a twelve month high of $2.85.

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.