MFS Intermediate Income Trust (MIN) to Issue Monthly Dividend of $0.02 on August 30th

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Tuesday, August 13th will be given a dividend of 0.02 per share by the financial services provider on Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date is Tuesday, August 13th.

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

MFS Intermediate Income Trust Stock Performance

MIN stock remained flat at $2.73 during trading hours on Friday. The company’s stock had a trading volume of 158,346 shares, compared to its average volume of 145,922. The firm’s 50 day simple moving average is $2.66 and its 200-day simple moving average is $2.67. MFS Intermediate Income Trust has a 52-week low of $2.52 and a 52-week high of $2.85.

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.