MFS Intermediate Income Trust (NYSE:MIN) Raises Dividend to $0.02 Per Share

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Tuesday, September 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, September 17th will be paid a dividend of 0.0203 per share by the financial services provider on Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.76%. The ex-dividend date of this dividend is Tuesday, September 17th. This is a boost from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

MFS Intermediate Income Trust has increased its dividend by an average of 0.8% annually over the last three years.

MFS Intermediate Income Trust Trading Up 0.7 %

NYSE MIN opened at $2.78 on Monday. The business’s fifty day moving average is $2.72 and its 200 day moving average is $2.66. MFS Intermediate Income Trust has a fifty-two week low of $2.52 and a fifty-two week high of $2.85.

MFS Intermediate Income Trust Company Profile

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.