MFS Investment Grade Municipal Trust (NYSE:CXH) Declares Dividend Increase – $0.03 Per Share

MFS Investment Grade Municipal Trust (NYSE:CXH) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.0275 per share on Monday, March 31st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, March 18th. This is an increase from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03.

MFS Investment Grade Municipal Trust Stock Performance

Shares of CXH traded down $0.08 on Tuesday, reaching $8.10. 11,264 shares of the stock traded hands, compared to its average volume of 18,179. The stock’s 50-day moving average price is $8.02 and its 200-day moving average price is $8.10. MFS Investment Grade Municipal Trust has a 12 month low of $7.30 and a 12 month high of $8.36.

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.