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

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.0197 per share by the financial services provider on Wednesday, April 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend is Tuesday, April 15th. This is a 0.2% 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 Stock Performance

MIN stock traded down $0.01 during trading on Wednesday, hitting $2.71. The company had a trading volume of 166,795 shares, compared to its average volume of 215,850. The firm has a 50-day moving average price of $2.70 and a 200-day moving average price of $2.70. MFS Intermediate Income Trust has a 12 month low of $2.56 and a 12 month high of $2.79.

About MFS Intermediate Income Trust

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.