MFS Investment Grade Municipal Trust (NYSE:CXH) Declares $0.03 Monthly Dividend

MFS Investment Grade Municipal Trust (NYSE:CXH) announced a monthly dividend on Monday, May 11th. Shareholders of record on Thursday, May 21st will be given a dividend of 0.034 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Thursday, May 21st.

MFS Investment Grade Municipal Trust Price Performance

NYSE:CXH opened at $8.37 on Tuesday. The business’s 50-day simple moving average is $8.24 and its two-hundred day simple moving average is $8.09. MFS Investment Grade Municipal Trust has a 52 week low of $7.34 and a 52 week high of $8.42.

Institutional Investors Weigh In On MFS Investment Grade Municipal Trust

Several large investors have recently made changes to their positions in CXH. Center for Financial Planning Inc. bought a new stake in shares of MFS Investment Grade Municipal Trust in the third quarter worth about $36,000. Closed End Fund Advisors Inc. bought a new stake in shares of MFS Investment Grade Municipal Trust in the fourth quarter worth about $123,000. Evolve Private Wealth LLC bought a new stake in shares of MFS Investment Grade Municipal Trust in the fourth quarter worth about $123,000. Susquehanna International Group LLP bought a new stake in shares of MFS Investment Grade Municipal Trust in the third quarter worth about $124,000. Finally, Bank of America Corp DE increased its holdings in shares of MFS Investment Grade Municipal Trust by 11.9% in the second quarter. Bank of America Corp DE now owns 17,500 shares of the company’s stock worth $134,000 after purchasing an additional 1,860 shares during the last quarter.

About MFS Investment Grade Municipal Trust

MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.

The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.