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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.0196 per share by the financial services provider on Monday, March 31st. This represents a $0.24 dividend on an annualized basis and a yield of 8.75%. The ex-dividend date is Tuesday, March 18th. This is a 0.3% increase from MFS Intermediate Income Trust’s previous monthly dividend of $0.02.

MFS Intermediate Income Trust has increased its dividend payment by an average of 29.9% per year over the last three years.

MFS Intermediate Income Trust Price Performance

NYSE:MIN opened at $2.70 on Friday. The business’s 50-day simple moving average is $2.69 and its two-hundred day simple moving average is $2.71. MFS Intermediate Income Trust has a 52 week low of $2.56 and a 52 week high of $2.79.

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.