MFS Intermediate High Income Fund (NYSE:CIF) to Issue Monthly Dividend of $0.01

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.0145 per share on Friday, May 31st. This represents a $0.17 dividend on an annualized basis and a yield of 10.23%. The ex-dividend date is Tuesday, May 14th.

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

MFS Intermediate High Income Fund Trading Up 1.1 %

Shares of NYSE CIF traded up $0.02 during mid-day trading on Friday, reaching $1.70. The company had a trading volume of 72,816 shares, compared to its average volume of 42,366. MFS Intermediate High Income Fund has a twelve month low of $1.47 and a twelve month high of $1.77. The stock’s 50 day moving average is $1.70 and its 200-day moving average is $1.67.

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.