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

MFS Investment Grade Municipal Trust (NYSE:CXH) declared a monthly dividend on Monday, February 2nd. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.034 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, February 17th.

MFS Investment Grade Municipal Trust Stock Up 0.6%

Shares of NYSE CXH traded up $0.05 during trading hours on Tuesday, reaching $8.09. The stock had a trading volume of 3,985 shares, compared to its average volume of 17,558. The firm has a 50-day moving average of $7.98 and a 200-day moving average of $7.83. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.34 and a fifty-two week high of $8.21.

MFS Investment Grade Municipal Trust Company Profile

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.