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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Tuesday, July 2nd, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be given a dividend of 0.0201 per share by the financial services provider on Wednesday, July 31st. This represents a $0.24 annualized dividend and a dividend yield of 9.02%. The ex-dividend date of this dividend is Tuesday, July 16th. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

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

MFS Intermediate Income Trust Trading Up 0.4 %

Shares of NYSE MIN traded up $0.01 during mid-day trading on Tuesday, hitting $2.67. 145,485 shares of the stock traded hands, compared to its average volume of 284,168. MFS Intermediate Income Trust has a twelve month low of $2.52 and a twelve month high of $2.85. The firm has a 50 day simple moving average of $2.62 and a two-hundred day simple moving average of $2.68.

About MFS Intermediate Income Trust

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.