MFS Intermediate Income Trust (MIN) to Issue Monthly Dividend of $0.12 on October 30th

MFS Intermediate Income Trust (NYSE:MIN) declared a monthly dividend on Friday, October 9th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.12 per share by the financial services provider on Friday, October 30th. This represents a $1.44 annualized dividend and a yield of 10.3%. The ex-dividend date is Friday, October 23rd. This is a 0.0% decrease from MFS Intermediate Income Trust’s previous monthly dividend of $0.12.

MFS Intermediate Income Trust Stock Performance

Shares of NYSE MIN traded up $0.00 during trading on Wednesday, reaching $14.02. The company had a trading volume of 12,945 shares, compared to its average volume of 39,972. MFS Intermediate Income Trust has a twelve month low of $13.61 and a twelve month high of $16.02. The stock has a 50-day moving average price of $14.26 and a two-hundred day moving average price of $14.56.

Institutional Trading of MFS Intermediate Income Trust

A number of hedge funds have recently bought and sold shares of MIN. GatePass Capital LLC lifted its position in MFS Intermediate Income Trust by 2,212.3% during the second quarter. GatePass Capital LLC now owns 601,200 shares of the financial services provider’s stock worth $1,485,000 after buying an additional 575,200 shares during the period. Ameritas Advisory Services LLC boosted its stake in MFS Intermediate Income Trust by 24.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 333,668 shares of the financial services provider’s stock worth $824,000 after buying an additional 65,151 shares during the last quarter. Advisory Solutions Group LLC acquired a new stake in MFS Intermediate Income Trust in the 2nd quarter worth about $43,000. Compound Planning Inc. boosted its stake in MFS Intermediate Income Trust by 49.9% in the 1st quarter. Compound Planning Inc. now owns 25,797 shares of the financial services provider’s stock worth $65,000 after buying an additional 8,584 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in MFS Intermediate Income Trust by 1.5% in the 1st quarter. Private Advisor Group LLC now owns 347,425 shares of the financial services provider’s stock valued at $872,000 after buying an additional 5,075 shares during the period. Institutional investors and hedge funds own 50.90% of the company’s stock.

MFS Intermediate Income Trust Company Profile

MFS Intermediate Income Trust (NYSE:MIN) is a closed-end investment company managed by MFS Investment Management. The fund seeks to provide a high level of current income while also pursuing prudent investment management and preservation of capital.

The trust invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include U.S. and foreign government and corporate bonds, mortgage- and asset-backed securities, and other debt instruments. The portfolio may also include below-investment-grade securities, which can provide additional income but involve greater credit risk.

MFS Intermediate Income Trust gives investors exposure to debt markets in the United States and other countries through a professionally managed portfolio.