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

MFS Investment Grade Municipal Trust (NYSE:CXHGet Rating) declared a monthly dividend on Tuesday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 18th will be given a dividend of 0.029 per share on Tuesday, May 31st. This represents a $0.35 annualized dividend and a yield of 4.47%. The ex-dividend date is Tuesday, May 17th.

CXH stock opened at $7.79 on Wednesday. The stock’s fifty day moving average price is $8.43. MFS Investment Grade Municipal Trust has a fifty-two week low of $7.77 and a fifty-two week high of $10.74.

A number of hedge funds have recently bought and sold shares of CXH. Morgan Stanley increased its position in MFS Investment Grade Municipal Trust by 3.6% during the 2nd quarter. Morgan Stanley now owns 77,305 shares of the company’s stock worth $795,000 after buying an additional 2,688 shares during the period. Bank of America Corp DE increased its position in shares of MFS Investment Grade Municipal Trust by 18.8% in the second quarter. Bank of America Corp DE now owns 73,102 shares of the company’s stock worth $751,000 after purchasing an additional 11,582 shares during the period. LPL Financial LLC increased its position in shares of MFS Investment Grade Municipal Trust by 83.1% in the third quarter. LPL Financial LLC now owns 47,748 shares of the company’s stock worth $477,000 after purchasing an additional 21,677 shares during the period. UBS Group AG increased its position in shares of MFS Investment Grade Municipal Trust by 5.2% in the third quarter. UBS Group AG now owns 131,482 shares of the company’s stock worth $1,315,000 after purchasing an additional 6,552 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of MFS Investment Grade Municipal Trust by 10.1% in the fourth quarter. Wells Fargo & Company MN now owns 86,773 shares of the company’s stock worth $894,000 after purchasing an additional 7,995 shares during the period. Hedge funds and other institutional investors own 18.45% of the company’s stock.

MFS Investment Grade Municipal Trust Company Profile (Get Rating)

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.

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Dividend History for MFS Investment Grade Municipal Trust (NYSE:CXH)

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