MFS Investment Grade Municipal Trust (CXH) To Go Ex-Dividend on May 21st

MFS Investment Grade Municipal Trust (NYSE:CXH) declared a monthly dividend on Monday, May 11th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.034 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Thursday, May 21st.

MFS Investment Grade Municipal Trust Stock Down 3.7%

MFS Investment Grade Municipal Trust stock opened at $8.06 on Wednesday. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.34 and a fifty-two week high of $8.42. The firm’s fifty day moving average price is $8.23 and its 200-day moving average price is $8.09.

MFS Investment Grade Municipal Trust Company Profile

MFS Investment Grade Municipal Trust (NYSE: CXH) is a non-diversified, closed-end management investment company that seeks to provide shareholders with current income exempt from federal income taxes. Trading on the New York Stock Exchange since its inception in 1982, the fund primarily acquires investment-grade municipal securities, including general obligation and revenue bonds issued by states, municipalities and public authorities across the United States.

The trust’s portfolio is constructed to balance credit quality and yield, focusing on bonds rated BBB or higher by nationally recognized rating agencies.