MFS Intermediate Income Trust (MIN) to Issue Monthly Dividend of $0.02 on April 30th

MFS Intermediate Income Trust (NYSE:MINGet Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Wednesday, April 17th will be paid a dividend of 0.02 per share by the financial services provider on Tuesday, April 30th. This represents a $0.24 annualized dividend and a dividend yield of 9.06%. The ex-dividend date of this dividend is Tuesday, April 16th.

MFS Intermediate Income Trust has decreased its dividend payment by an average of 9.6% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

MFS Intermediate Income Trust Trading Up 0.4 %

NYSE:MIN opened at $2.65 on Wednesday. The firm’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $2.70. MFS Intermediate Income Trust has a one year low of $2.52 and a one year high of $2.88.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in MFS Intermediate Income Trust during the 1st quarter worth approximately $28,000. Stifel Financial Corp acquired a new stake in MFS Intermediate Income Trust during the 1st quarter worth approximately $28,000. JPMorgan Chase & Co. lifted its position in shares of MFS Intermediate Income Trust by 710.6% in the 1st quarter. JPMorgan Chase & Co. now owns 10,213 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 8,953 shares during the period. Cetera Advisor Networks LLC acquired a new position in shares of MFS Intermediate Income Trust in the 1st quarter worth approximately $38,000. Finally, Jane Street Group LLC acquired a new position in shares of MFS Intermediate Income Trust in the 1st quarter worth approximately $36,000. 50.90% 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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