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

MFS Investment Grade Municipal Trust (NYSE:CXH) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.034 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, January 20th.

MFS Investment Grade Municipal Trust Trading Down 0.1%

Shares of CXH opened at $8.06 on Friday. The stock has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $7.79. MFS Investment Grade Municipal Trust has a 52-week low of $7.34 and a 52-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.