Dividend of The Day: $0.04 dividends just around the corner for Colonial Investment Grade Municipal Trust (NYSE:CXH) shareholders.

Dividend of The Day: $0.04 dividends just around the corner for Colonial Investment Grade Municipal Trust (NYSE:CXH) shareholders.

Colonial Investment Grade Municipal Trust (NYSE:CXH) is expected to pay $0.04 on Nov 30, 2016. The indicated annual dividend is $0.53. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Colonial Investment Grade Municipal Trust’s current price of $9.70, the dividend is 0.39%. This dividend’s record date is Nov 17, 2016 and the announcement date is Nov 2, 2016. The stock decreased 0.15% or $0.02 on November 11, hitting $9.7. MFS Investment Grade Municipal Trust (NYSE:CXH) has declined 6.28% since April 12, 2016 and is downtrending. It has underperformed by 11.26% the S&P500.

MFS Investment Grade Municipal Trust is a diversified closed-end management investment company. The company has a market cap of $112.22 million. The Fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. It currently has negative earnings. The Fund invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowing for investment purposes, in tax-exempt bonds and tax-exempt notes.

Insitutional Activity: The institutional sentiment increased to 1.75 in 2016 Q2. Its up 0.50, from 1.25 in 2016Q1. The ratio increased, as 3 funds sold all MFS Investment Grade Municipal Trust shares owned while 5 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 3.44 million shares or 4.17% more from 3.30 million shares in 2016Q1.
Essex Svcs Inc reported 11,380 shares or 0.03% of all its holdings. Robinson Cap Management Ltd has 0.36% invested in the company for 58,782 shares. Lpl Finance Ltd Co holds 0% or 54,283 shares in its portfolio. National Bank Of America De has 37,950 shares for 0% of their US portfolio. Janney Montgomery Scott Limited Liability Corp owns 22,954 shares or 0% of their US portfolio. Karpus Mgmt Inc reported 2.30 million shares or 1.25% of all its holdings. The Florida-based Ladenburg Thalmann Fin has invested 0% in MFS Investment Grade Municipal Trust (NYSE:CXH). Ftb Advisors Inc, a Tennessee-based fund reported 5,212 shares. Thomas J Herzfeld Advisors has invested 0.12% of its portfolio in MFS Investment Grade Municipal Trust (NYSE:CXH). Fifth Third Bancshares reported 5,000 shares or 0% of all its holdings. Greenwich Wealth Mngmt Ltd Liability Company accumulated 0.13% or 51,540 shares. Wolverine Asset Management Ltd Co accumulated 15,618 shares or 0% of the stock. Moreover, Advsr Asset Management has 0.09% invested in MFS Investment Grade Municipal Trust (NYSE:CXH) for 511,643 shares. Sit Investment Inc accumulated 82,149 shares or 0.02% of the stock. Fincl Bank Of New York Mellon accumulated 0% or 13,328 shares.

More notable recent MFS Investment Grade Municipal Trust (NYSE:CXH) news were published by: Businesswire.com which released: “Fitch Rates VMTP Shares Issued by 5 MFS Municipal Closed-End Funds ‘AAA'” on March 24, 2016, also Marketwatch.com with their article: “MFS High Income Municipal Trust” published on December 22, 2009, Prnewswire.com published: “Columbia Management Advisors Agrees to Sell Its Colonial Closed-End Fund …” on April 11, 2007. More interesting news about MFS Investment Grade Municipal Trust (NYSE:CXH) were released by: Seekingalpha.com and their article: “Tax-Free Income From Municipal-Bond CEFs: A Closer Look” published on August 26, 2015 as well as Forbes.com‘s news article titled: “Secure Funds With Tax-Equivalent Yields Of 10% Or Higher” with publication date: June 17, 2016.

CXH Company Profile

MFS Investment Grade Municipal Trust (the Trust), is a closed-end fund investing primarily in tax-exempt bonds and tax-exempt notes. The fund’s investment objective is to seek high current income exempt from federal income tax, but may also consider capital appreciation. The Fund invests, at least 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in investment grade debt instruments.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment