MFS Intermediate High Income Fund (NYSE:CIF – Get Free Report) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be given a dividend of 0.0146 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Tuesday, January 20th. This is a 0.2% increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.
MFS Intermediate High Income Fund Stock Up 0.3%
Shares of NYSE:CIF opened at $1.72 on Friday. The stock’s 50-day moving average is $1.72 and its 200-day moving average is $1.74. MFS Intermediate High Income Fund has a 52-week low of $1.52 and a 52-week high of $1.82.
Institutional Trading of MFS Intermediate High Income Fund
A hedge fund recently raised its stake in MFS Intermediate High Income Fund stock. Pin Oak Investment Advisors Inc. increased its holdings in shares of MFS Intermediate High Income Fund (NYSE:CIF – Free Report) by 107.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,900 shares of the company’s stock after buying an additional 86,000 shares during the period. Pin Oak Investment Advisors Inc. owned 0.92% of MFS Intermediate High Income Fund worth $293,000 at the end of the most recent quarter. Institutional investors and hedge funds own 6.85% of the company’s stock.
About MFS Intermediate High Income Fund
MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.
The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.
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