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 Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.0275 per share on Wednesday, April 30th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Tuesday, April 15th.

MFS Investment Grade Municipal Trust Stock Performance

MFS Investment Grade Municipal Trust stock remained flat at $7.94 during trading on Wednesday. The company had a trading volume of 13,968 shares, compared to its average volume of 17,642. MFS Investment Grade Municipal Trust has a 52-week low of $7.30 and a 52-week high of $8.36. The firm’s 50-day moving average price is $8.04 and its 200 day moving average price is $8.08.

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.