MFS Intermediate Income Trust (MIN) To Go Ex-Dividend on January 20th

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.0193 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Tuesday, January 20th.

MFS Intermediate Income Trust Trading Down 0.2%

Shares of NYSE:MIN opened at $2.64 on Friday. MFS Intermediate Income Trust has a 1 year low of $2.59 and a 1 year high of $2.73. The firm’s 50-day moving average is $2.64 and its two-hundred day moving average is $2.66.

Hedge Funds Weigh In On MFS Intermediate Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Quarterback LLC acquired a new position in shares of MFS Intermediate Income Trust in the second quarter worth $28,000. Integrated Wealth Concepts LLC acquired a new position in MFS Intermediate Income Trust during the 3rd quarter worth $39,000. Benjamin Edwards Inc. purchased a new stake in MFS Intermediate Income Trust during the 3rd quarter worth about $54,000. Shaker Financial Services LLC raised its position in MFS Intermediate Income Trust by 23.0% in the 2nd quarter. Shaker Financial Services LLC now owns 25,050 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 4,680 shares in the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in MFS Intermediate Income Trust in the 3rd quarter valued at about $108,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.

About MFS Intermediate Income Trust

MFS Intermediate Income Trust (NYSE: MIN) is a closed-end management investment company that seeks to provide a high level of current income consistent with the preservation of capital. The Trust pursues its objective by investing primarily in a diversified portfolio of intermediate-duration fixed-income securities. Its holdings typically include investment-grade corporate bonds, mortgage- and asset-backed securities, and select non-investment-grade debt instruments. The Trust may employ leverage to enhance income potential and intends to distribute gains and interest earnings on a monthly basis.

The portfolio is managed by the fixed-income team at MFS Investment Management, a global asset manager founded in 1924 and headquartered in Boston, Massachusetts.