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

Key Points

• MFS Investment Grade Municipal Trust has announced a monthly dividend of $0.03 per share, with an annualized yield of 5.4%, payable on September 30th to shareholders of record on September 16th.
• During midday trading on September 3rd, the stock price increased by 0.3%, reaching $7.51, with a trading volume significantly higher than its average.
• The trust primarily invests in tax-exempt bonds and is managed by Massachusetts Financial Services Company, benchmarking its performance against the Barclays Municipal Bond Index.

MFS Investment Grade Municipal Trust (NYSE:CXH - Get Free Report) declared a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.034 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 16th.

MFS Investment Grade Municipal Trust Stock Up 0.3%

Shares of NYSE CXH traded up $0.03 during mid-day trading on Wednesday, hitting $7.51. The company had a trading volume of 55,060 shares, compared to its average volume of 21,605. The business's 50-day simple moving average is $7.50 and its 200 day simple moving average is $7.67. MFS Investment Grade Municipal Trust has a 1-year low of $7.34 and a 1-year high of $8.36.

About MFS Investment Grade Municipal Trust

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.

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