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

MFS Intermediate Income Trust (NYSE:MIN - Get Free Report) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.0196 per share by the financial services provider on Friday, February 28th. This represents a $0.23 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Tuesday, February 18th.

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

MFS Intermediate Income Trust Stock Performance

NYSE:MIN traded up $0.01 on Friday, hitting $2.71. The stock had a trading volume of 48,156 shares, compared to its average volume of 138,486. The company has a fifty day moving average price of $2.68 and a two-hundred day moving average price of $2.71. MFS Intermediate Income Trust has a 1-year low of $2.56 and a 1-year high of $2.80.

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.