MFS Intermediate High Income Fund (NYSE:CIF) Announces Dividend Increase – $0.01 Per Share

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be paid a dividend of 0.0147 per share on Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 10.15%. The ex-dividend date of this dividend is Tuesday, March 18th. This is a boost from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

MFS Intermediate High Income Fund has raised its dividend by an average of 4.0% per year over the last three years.

MFS Intermediate High Income Fund Trading Down 0.3 %

CIF stock traded down $0.01 during midday trading on Tuesday, hitting $1.74. The company’s stock had a trading volume of 411,479 shares, compared to its average volume of 103,060. MFS Intermediate High Income Fund has a 12 month low of $1.62 and a 12 month high of $1.83. The company has a 50 day moving average of $1.74 and a two-hundred day moving average of $1.75.

About MFS Intermediate High Income Fund

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.