MFS Intermediate High Income Fund (CIF) to Issue Monthly Dividend of $0.02 on October 31st

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.015 per share on Thursday, October 31st. This represents a $0.18 dividend on an annualized basis and a yield of 10.12%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

MFS Intermediate High Income Fund has decreased its dividend by an average of 11.8% annually over the last three years.

MFS Intermediate High Income Fund Stock Down 0.6 %

Shares of NYSE CIF traded down $0.01 during mid-day trading on Thursday, hitting $1.78. The company had a trading volume of 35,277 shares, compared to its average volume of 47,566. The business’s 50-day simple moving average is $1.76 and its 200 day simple moving average is $1.72. MFS Intermediate High Income Fund has a 1-year low of $1.47 and a 1-year high of $1.83.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in high income debt instruments. The fund benchmarks the performance of its portfolio against Barclays U.S.