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

MFS Intermediate High Income Fund (NYSE:CIF) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Tuesday, January 14th will be paid a dividend of 0.0147 per share on Friday, January 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.17%. The ex-dividend date of this dividend is Tuesday, January 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 Stock Performance

NYSE:CIF remained flat at $1.74 during mid-day trading on Friday. The company’s stock had a trading volume of 96,388 shares, compared to its average volume of 96,044. The stock’s fifty day moving average price is $1.74 and its two-hundred day moving average price is $1.75. MFS Intermediate High Income Fund has a 12-month low of $1.62 and a 12-month high of $1.83.

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.