MFS Intermediate High Income Fund (NYSE:CIF) Increases Dividend to $0.01 Per Share

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.0146 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 0.3% increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

MFS Intermediate High Income Fund Stock Down 0.3%

Shares of CIF traded down $0.01 during trading hours on Tuesday, reaching $1.72. The stock had a trading volume of 14,974 shares, compared to its average volume of 54,417. The company’s 50-day moving average is $1.72 and its two-hundred day moving average is $1.74. MFS Intermediate High Income Fund has a 12 month low of $1.52 and a 12 month high of $1.82.

About MFS Intermediate High Income Fund

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.