Euro tumbles after unexpected resignation of new French Prime Minister
In a challenging economic climate, MFS Intermediate High Income Fund (CIF) stock has recorded a 52-week low, dipping to $1.62. The fund, with a market capitalization of $28.61 million, maintains an attractive 10.29% dividend yield and has consistently paid dividends for 38 consecutive years, according to InvestingPro data. This latest price level, trading at a P/E ratio of 7.11, reflects market challenges, though the fund demonstrates relatively low volatility with a beta of 0.72. Investors are closely monitoring CIF as it navigates through market volatility, with its current performance raising questions about potential recovery paths and the broader implications for the high-income closed fund sector. (InvestingPro subscribers can access 6 additional key insights about CIF’s financial health and future prospects.)
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