MFS Investment Grade Municipal Fund About To Put More Money In Your Pocket (CXH)

Looking at the universe of stocks we cover at Dividend Channel, on 9/16/14, MFS Investment Grade Municipal Fund ( CXH) will trade ex-dividend, for its monthly dividend of $0.043, payable on 9/30/14. As a percentage of CXH's recent stock price of $9.21, this dividend works out to approximately 0.47%.

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Below is a dividend history chart for CXH, showing historical dividends prior to the most recent $0.043 declared by MFS Investment Grade Municipal Fund:

CXH+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from CXH is likely to continue, and whether the current estimated yield of 5.60% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of CXH shares, versus its 200 day moving average:

MFS Investment Grade Municipal Fund 200 Day Moving Average Chart

Looking at the chart above, CXH's low point in its 52 week range is $8.29 per share, with $9.50 as the 52 week high point — that compares with a last trade of $9.21.

In Friday trading, MFS Investment Grade Municipal Fund shares are currently trading flat on the day.

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