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 Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, January 14th will be paid a dividend of 0.0265 per share on Friday, January 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Tuesday, January 14th.

MFS Investment Grade Municipal Trust Price Performance

MFS Investment Grade Municipal Trust stock traded up $0.03 during trading on Friday, reaching $8.08. The company had a trading volume of 6,451 shares, compared to its average volume of 4,126. The firm’s 50-day simple moving average is $8.10 and its 200 day simple moving average is $8.08. MFS Investment Grade Municipal Trust has a 52 week low of $7.30 and a 52 week high of $8.36.

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.