MFS Investment Grade Municipal Trust (NYSE:CXH) to Issue Monthly Dividend of $0.03

MFS Investment Grade Municipal Trust (NYSE:CXH) announced a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0265 per share on Thursday, October 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Tuesday, October 15th.

MFS Investment Grade Municipal Trust Stock Performance

CXH stock traded down $0.03 on Wednesday, reaching $8.23. The company’s stock had a trading volume of 25,030 shares, compared to its average volume of 20,621. The business has a fifty day simple moving average of $8.11 and a two-hundred day simple moving average of $7.80. MFS Investment Grade Municipal Trust has a 12-month low of $6.41 and a 12-month high of $8.28.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal is a close 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 tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index.