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

MFS Investment Grade Municipal Trust (NYSE:CXH) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.0265 per share on Friday, February 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Tuesday, February 18th.

MFS Investment Grade Municipal Trust Stock Performance

CXH stock traded up $0.03 during midday trading on Tuesday, reaching $8.05. 12,870 shares of the company’s stock traded hands, compared to its average volume of 16,640. MFS Investment Grade Municipal Trust has a 52 week low of $7.30 and a 52 week high of $8.36. The firm’s fifty day moving average price is $8.05 and its 200-day moving average price is $8.09.

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.