MFS Intermediate Income Trust (MIN) To Go Ex-Dividend on September 22nd

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Friday, September 11th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of 0.02 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date is Tuesday, September 22nd.

MFS Intermediate Income Trust Stock Up 0.2%

Shares of NYSE:MIN opened at $2.35 on Friday. MFS Intermediate Income Trust has a 1-year low of $2.31 and a 1-year high of $2.70. The firm’s 50 day simple moving average is $2.43 and its two-hundred day simple moving average is $2.45.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Advisory Solutions Group LLC bought a new position in MFS Intermediate Income Trust in the 2nd quarter worth $43,000. Compound Planning Inc. lifted its position in shares of MFS Intermediate Income Trust by 49.9% in the first quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 8,584 shares in the last quarter. GatePass Capital LLC purchased a new position in shares of MFS Intermediate Income Trust in the first quarter valued at about $65,000. Evolve Private Wealth LLC purchased a new position in shares of MFS Intermediate Income Trust in the first quarter valued at about $75,000. Finally, Stephens Inc. AR boosted its stake in shares of MFS Intermediate Income Trust by 3.3% in the fourth quarter. Stephens Inc. AR now owns 124,255 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 4,000 shares during the period. Hedge funds and other institutional investors own 50.90% of the company’s stock.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE:MIN) is a closed-end management investment company that seeks to provide high current income while maintaining prudent portfolio diversification. The fund invests primarily in fixed-income securities, including government and corporate bonds, mortgage-backed securities, asset-backed securities and other debt instruments.

The portfolio may include securities issued by companies and governments in the United States and other countries. MFS Investment Management serves as the fund’s investment adviser and manages the portfolio using research and credit analysis to identify income-producing opportunities across intermediate-term debt markets.

MFS Intermediate Income Trust is part of the MFS family of investment products, which has a long history of managing mutual funds and other investment vehicles.