MFS Intermediate High Income Fund (NYSE:CIF) Announces Monthly Dividend of $0.02

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.015 per share on Thursday, October 31st. This represents a $0.18 annualized dividend and a yield of 10.12%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

MFS Intermediate High Income Fund has decreased its dividend payment by an average of 11.8% per year over the last three years.

MFS Intermediate High Income Fund Stock Down 0.6 %

Shares of CIF traded down $0.01 during midday trading on Thursday, reaching $1.78. 35,277 shares of the stock were exchanged, compared to its average volume of 47,566. MFS Intermediate High Income Fund has a twelve month low of $1.47 and a twelve month high of $1.83. The business’s 50-day moving average price is $1.76 and its 200 day moving average price is $1.72.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.