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 Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.0146 per share on Friday, June 28th. This represents a $0.18 annualized dividend and a yield of 10.30%. The ex-dividend date is Tuesday, June 18th. This is an increase from MFS Intermediate High Income Fund’s previous monthly dividend of $0.01.

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

MFS Intermediate High Income Fund Stock Performance

CIF stock traded up $0.02 during trading hours on Wednesday, hitting $1.70. The company’s stock had a trading volume of 19,319 shares, compared to its average volume of 44,129. MFS Intermediate High Income Fund has a 12 month low of $1.47 and a 12 month high of $1.77. The stock has a 50 day moving average price of $1.68 and a two-hundred day moving average price of $1.70.

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.