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, April 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0197 per share by the financial services provider on Wednesday, April 30th. This represents a $0.24 annualized dividend and a yield of 8.71%. The ex-dividend date is Tuesday, April 15th. This is a 0.2% increase 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 29.9% annually over the last three years.

MFS Intermediate Income Trust Price Performance

Shares of NYSE:MIN traded down $0.01 on Wednesday, reaching $2.71. The company had a trading volume of 166,795 shares, compared to its average volume of 215,850. The stock has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.70. MFS Intermediate Income Trust has a twelve month low of $2.56 and a twelve month high of $2.79.

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.