MFS Intermediate High Income Fund Plans Monthly Dividend of $0.01 (NYSE:CIF)

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, January 14th will be given a dividend of 0.0147 per share on Friday, January 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.17%. The ex-dividend date of this dividend is Tuesday, January 14th.

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 Price Performance

Shares of NYSE CIF remained flat at $1.74 during mid-day trading on Friday. 96,388 shares of the company traded hands, compared to its average volume of 96,044. The business’s 50-day moving average price is $1.74 and its 200 day moving average price is $1.75. MFS Intermediate High Income Fund has a 12 month low of $1.62 and a 12 month high of $1.83.

About MFS Intermediate High Income Fund

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.