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

Key Points

• MFS Investment Grade Municipal Trust (NYSE:CXH) announced a monthly dividend of $0.034 per share, payable April 30 to investors of record on April 14, implying an annualized yield of about 4.9%.
• Shares opened at $8.26 with 50‑day/200‑day averages of $8.15/$8.03 and a 12‑month range of $7.34–$8.39, and several institutional investors—including Bank of America and various funds—have recently built or increased positions in the trust.

MFS Investment Grade Municipal Trust (NYSE:CXH - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Tuesday, April 14th will be paid a dividend of 0.034 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 14th.

MFS Investment Grade Municipal Trust Trading Down 0.5%

Shares of MFS Investment Grade Municipal Trust stock opened at $8.26 on Friday. The business's fifty day simple moving average is $8.15 and its 200 day simple moving average is $8.03. MFS Investment Grade Municipal Trust has a 12 month low of $7.34 and a 12 month high of $8.39.

Institutional Trading of MFS Investment Grade Municipal Trust

Hedge funds have recently bought and sold shares of the business. Center for Financial Planning Inc. bought a new stake in MFS Investment Grade Municipal Trust during the third quarter worth $36,000. Closed End Fund Advisors Inc. bought a new stake in shares of MFS Investment Grade Municipal Trust in the fourth quarter valued at $123,000. Evolve Private Wealth LLC bought a new stake in shares of MFS Investment Grade Municipal Trust in the fourth quarter valued at $123,000. Susquehanna International Group LLP bought a new stake in shares of MFS Investment Grade Municipal Trust in the third quarter valued at $124,000. Finally, Bank of America Corp DE raised its stake 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 valued at $134,000 after buying an additional 1,860 shares during the period.

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.

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