MFS Intermediate Income Trust (MIN) to Issue Monthly Dividend of $0.02 on February 28th

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.0196 per share by the financial services provider on Friday, February 28th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Tuesday, February 18th.

MFS Intermediate Income Trust has increased its dividend payment by an average of 42.4% annually over the last three years.

MFS Intermediate Income Trust Trading Up 0.6 %

Shares of NYSE MIN opened at $2.72 on Wednesday. MFS Intermediate Income Trust has a 52 week low of $2.56 and a 52 week high of $2.81. The business’s 50 day moving average price is $2.68 and its 200 day moving average price is $2.71.

About MFS Intermediate Income Trust

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.