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

MFS Intermediate Income Trust (NYSE:MIN) announced a monthly dividend on Monday, November 3rd. Investors of record on Tuesday, November 18th will be given a dividend of 0.0194 per share by the financial services provider on Friday, November 28th. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date is Tuesday, November 18th.

MFS Intermediate Income Trust Stock Performance

NYSE MIN traded up $0.01 during trading hours on Tuesday, reaching $2.61. The company’s stock had a trading volume of 42,360 shares, compared to its average volume of 197,888. The business has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $2.67. MFS Intermediate Income Trust has a 52 week low of $2.59 and a 52 week high of $2.76.

Institutional Investors Weigh In On MFS Intermediate Income Trust

Hedge funds have recently added to or reduced their stakes in the stock. EP Wealth Advisors LLC acquired a new position in shares of MFS Intermediate Income Trust during the first quarter valued at $42,000. LPL Financial LLC lifted its position in MFS Intermediate Income Trust by 106.4% in the 1st quarter. LPL Financial LLC now owns 840,907 shares of the financial services provider’s stock valued at $2,262,000 after purchasing an additional 433,432 shares during the last quarter. Sit Investment Associates Inc. lifted its position in MFS Intermediate Income Trust by 0.8% in the 1st quarter. Sit Investment Associates Inc. now owns 24,419,462 shares of the financial services provider’s stock valued at $65,688,000 after purchasing an additional 186,567 shares during the last quarter. Private Advisor Group LLC boosted its stake in MFS Intermediate Income Trust by 4.4% during the 1st quarter. Private Advisor Group LLC now owns 286,200 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 12,000 shares during the period. Finally, Moors & Cabot Inc. acquired a new position in MFS Intermediate Income Trust during the 1st quarter valued at about $198,000. 50.90% of the stock is currently owned by institutional investors.

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.