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

MFS Intermediate Income Trust (NYSE:MINGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders 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 yield of 9.09%. The ex-dividend date is Tuesday, April 16th.

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

MFS Intermediate Income Trust Price Performance

Shares of NYSE MIN opened at $2.64 on Wednesday. The stock has a 50-day moving average price of $2.71 and a two-hundred day moving average price of $2.70. MFS Intermediate Income Trust has a 12 month low of $2.52 and a 12 month high of $2.88.

Hedge Funds Weigh In On MFS Intermediate Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of MIN. Stifel Financial Corp bought a new position in shares of MFS Intermediate Income Trust in the 1st quarter worth $28,000. Advisory Services Network LLC purchased a new stake in MFS Intermediate Income Trust in the 1st quarter valued at $28,000. JPMorgan Chase & Co. raised its position in 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 valued at $28,000 after buying an additional 8,953 shares during the last quarter. Jane Street Group LLC purchased a new stake in MFS Intermediate Income Trust in the 1st quarter valued at $36,000. Finally, Citadel Advisors LLC purchased a new stake in MFS Intermediate Income Trust in the 2nd quarter valued at $38,000. 50.90% of the stock is currently owned by institutional investors.

About MFS Intermediate Income Trust

(Get Free Report)

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.

Further Reading

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

Receive News & Ratings for MFS Intermediate Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MFS Intermediate Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.