Dividend Coverage: $0.04 dividends just around the corner for MFS Intermediate Income Trust (NYSE:MIN) shareholders.

Dividend Coverage: $0.04 dividends just around the corner for MFS Intermediate Income Trust (NYSE:MIN) shareholders.

MFS Intermediate Income Trust (NYSE:MIN) is expected to pay $0.04 on Oct 31, 2016. The indicated annual dividend is $0.42. Shareholders owning the stock before Oct 18, 2016 will be eligible to receive the payout. Based on MFS Intermediate Income Trust’s current price of $4.45, the dividend is 0.79%. This dividend’s record date is Oct 20, 2016 and the announcement date is Oct 4, 2016. About 39,761 shares traded hands. MFS Intermediate Income Trust (NYSE:MIN) has declined 2.61% since March 14, 2016 and is downtrending. It has underperformed by 8.23% the S&P500.

MFS Intermediate Income Trust is a diversified closed-end fund. The company has a market cap of $526.29 million. The Fund is an investment company. It currently has negative earnings. The Fund’s investment objective is to seek high current income, but may also consider capital appreciation.

Insitutional Activity: The institutional sentiment increased to 1.18 in Q2 2016. Its up 0.42, from 0.76 in 2016Q1. The ratio improved, as 8 funds sold all MFS Intermediate Income Trust shares owned while 14 reduced positions. 8 funds bought stakes while 18 increased positions. They now own 30.25 million shares or 1.80% less from 30.80 million shares in 2016Q1.
Highlander Cap Management Limited Co, a New Jersey-based fund reported 400 shares. Royal National Bank & Trust Of Canada accumulated 15,196 shares or 0% of the stock. Signalpoint Asset Mgmt, a Missouri-based fund reported 10,335 shares. Monetary Mgmt Gru last reported 0.03% of its portfolio in the stock. Landscape Cap Management Ltd Liability last reported 0.07% of its portfolio in the stock. Ladenburg Thalmann Fincl Svcs, a Florida-based fund reported 25,995 shares. The New York-based Laurion Capital Mgmt L P has invested 0.01% in MFS Intermediate Income Trust (NYSE:MIN). Smith Salley And has invested 0.02% of its portfolio in MFS Intermediate Income Trust (NYSE:MIN). Pnc Fin Serv Grp Inc reported 23,238 shares or 0% of all its holdings. Lpl Financial Llc reported 290,206 shares or 0.01% of all its holdings. Moreover, Benchmark has 0.26% invested in MFS Intermediate Income Trust (NYSE:MIN) for 69,300 shares. Invesco Ltd has 0% invested in the company for 979,217 shares. Cambridge Investment Rech has 0% invested in the company for 36,039 shares. Dixon Hubard Feinour Brown Va reported 143,940 shares or 0.21% of all its holdings. Thrivent Fin For Lutherans has 369,134 shares for 0.01% of their US portfolio.

More notable recent MFS Intermediate Income Trust (NYSE:MIN) news were published by: Nasdaq.com which released: “MFS Intermediate Income Trust (MIN) Ex-Dividend Date Scheduled for September …” on September 19, 2016, also Seekingalpha.com with their article: “MFS Intermediate Income Trust Fund: Attractive Low Volatility Bond Fund” published on April 07, 2010, Seekingalpha.com published: “Protected Principal Retirement Strategy: MIN Update” on June 04, 2013. More interesting news about MFS Intermediate Income Trust (NYSE:MIN) were released by: Businesswire.com and their article: “MFS Announces Portfolio Management Appointments for Several Closed End Funds” published on November 29, 2012 as well as Barrons.com‘s news article titled: “Best Income Ideas for 2015” with publication date: January 03, 2015.

MIN Company Profile

MFS Intermediate Income Trust (the Trust) is a diversified closed-end management investment company. The Trust seeks to preserve capital and provide high current income. It maintains a portfolio that includes investments in short and intermediate-term United States Government and foreign high-grade securities.

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