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 Thursday, August 1st, Zacks reports. Shareholders of record on Tuesday, August 13th will be paid a dividend of 0.026 per share on Friday, August 30th. This represents a $0.31 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Tuesday, August 13th.

MFS Investment Grade Municipal Trust Price Performance

Shares of MFS Investment Grade Municipal Trust stock traded up $0.07 during mid-day trading on Friday, hitting $8.11. 11,017 shares of the stock were exchanged, compared to its average volume of 12,056. MFS Investment Grade Municipal Trust has a 12 month low of $6.41 and a 12 month high of $8.15. The company has a 50-day simple moving average of $7.83 and a 200 day simple moving average of $7.62.

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.