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

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

MFS Intermediate Income Trust has raised its dividend by an average of 0.8% per year over the last three years.

MFS Intermediate Income Trust Price Performance

MIN opened at $2.78 on Monday. MFS Intermediate Income Trust has a twelve month low of $2.52 and a twelve month high of $2.85. The firm has a 50 day moving average price of $2.72 and a 200-day moving average price of $2.66.

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.