MFS Intermediate High Income Fund (CIF) to Issue Monthly Dividend of $0.01 on May 29th

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Friday, May 1st. Stockholders of record on Tuesday, May 19th will be paid a dividend of 0.0142 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a 0.6% increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

MFS Intermediate High Income Fund Stock Down 0.3%

NYSE:CIF opened at $1.62 on Friday. The firm’s 50-day moving average price is $1.63 and its 200-day moving average price is $1.69. MFS Intermediate High Income Fund has a 1-year low of $1.57 and a 1-year high of $1.82.

MFS Intermediate High Income Fund Company Profile

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.