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 Monday, July 1st, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 0.0265 per share on Wednesday, July 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, July 16th. This is a boost from MFS Investment Grade Municipal Trust’s previous monthly dividend of $0.03.

MFS Investment Grade Municipal Trust Price Performance

CXH stock traded up $0.03 during trading on Tuesday, hitting $7.88. The company had a trading volume of 3,007 shares, compared to its average volume of 21,877. The company has a fifty day moving average price of $7.59 and a two-hundred day moving average price of $7.55. MFS Investment Grade Municipal Trust has a fifty-two week low of $6.41 and a fifty-two week high of $7.97.

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.