MFS Investment Grade Municipal Trust (NYSE:CXH - Get Free Report) declared a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Investors of record on Tuesday, March 18th will be paid a dividend of 0.0275 per share on Monday, March 31st. This represents a $0.33 annualized dividend and a yield of 4.10%. The ex-dividend date is Tuesday, March 18th. This is a 3.8% increase from MFS Investment Grade Municipal Trust's previous monthly dividend of $0.03.
MFS Investment Grade Municipal Trust Stock Performance
CXH traded down $0.05 during trading on Friday, hitting $8.05. The stock had a trading volume of 305 shares, compared to its average volume of 18,175. MFS Investment Grade Municipal Trust has a 12 month low of $7.30 and a 12 month high of $8.36. The company has a 50 day simple moving average of $8.04 and a 200-day simple moving average of $8.10.
About MFS Investment Grade Municipal Trust
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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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