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

MFS Intermediate Income Trust (NYSE:MINGet Free Report) announced a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Wednesday, February 14th will be paid a dividend of 0.021 per share by the financial services provider on Thursday, February 29th. This represents a $0.25 annualized dividend and a yield of 9.16%. The ex-dividend date of this dividend is Tuesday, February 13th.

MFS Intermediate Income Trust has decreased its dividend payment by an average of 9.6% annually over the last three years.

MFS Intermediate Income Trust Stock Up 0.4 %

Shares of MFS Intermediate Income Trust stock opened at $2.75 on Monday. The business’s fifty day moving average price is $2.75 and its two-hundred day moving average price is $2.71. MFS Intermediate Income Trust has a 1-year low of $2.52 and a 1-year high of $2.95.

Hedge Funds Weigh In On MFS Intermediate Income Trust

Hedge funds have recently modified their holdings of the company. UBS Group AG grew its holdings in shares of MFS Intermediate Income Trust by 2.5% in the 1st quarter. UBS Group AG now owns 163,058 shares of the financial services provider’s stock worth $452,000 after acquiring an additional 3,960 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of MFS Intermediate Income Trust by 13.8% in the 4th quarter. Wells Fargo & Company MN now owns 51,390 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 6,248 shares during the last quarter. Raymond James & Associates boosted its position in shares of MFS Intermediate Income Trust by 17.0% in the fourth quarter. Raymond James & Associates now owns 45,977 shares of the financial services provider’s stock worth $127,000 after buying an additional 6,685 shares during the period. Cetera Advisor Networks LLC boosted its position in shares of MFS Intermediate Income Trust by 58.4% in the fourth quarter. Cetera Advisor Networks LLC now owns 19,147 shares of the financial services provider’s stock worth $53,000 after buying an additional 7,059 shares during the period. Finally, LPL Financial LLC boosted its position in shares of MFS Intermediate Income Trust by 14.8% in the third quarter. LPL Financial LLC now owns 62,280 shares of the financial services provider’s stock worth $167,000 after buying an additional 8,042 shares during the period. 46.52% of the stock is currently owned by institutional investors and hedge funds.

MFS Intermediate Income Trust Company Profile

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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.

See Also

Dividend History for MFS Intermediate Income Trust (NYSE:MIN)

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