MFS Intermediate Income Trust (NYSE:MIN) Declares $0.02 Monthly Dividend

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Monday, June 1st. Investors of record on Tuesday, June 16th will be paid a dividend of 0.0186 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Tuesday, June 16th.

MFS Intermediate Income Trust Stock Performance

Shares of NYSE MIN opened at $2.45 on Tuesday. The firm has a fifty day simple moving average of $2.47 and a two-hundred day simple moving average of $2.56. MFS Intermediate Income Trust has a 12 month low of $2.41 and a 12 month high of $2.73.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.