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

MFS Investment Grade Municipal Trust (NYSE:CXH) announced a monthly dividend on Monday, November 4th, Wall Street Journal reports. Shareholders of record on Tuesday, November 12th will be paid a dividend of 0.0265 per share on Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Tuesday, November 12th.

MFS Investment Grade Municipal Trust Stock Up 0.9 %

NYSE CXH traded up $0.07 on Monday, hitting $8.15. 14,006 shares of the company were exchanged, compared to its average volume of 19,924. MFS Investment Grade Municipal Trust has a 12 month low of $6.82 and a 12 month high of $8.31. The stock has a fifty day moving average of $8.16 and a 200-day moving average of $7.90.

About MFS Investment Grade Municipal Trust

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.