SmarterDividends
CXH

MFS Investment Grade Municipal Trust

CXH

Stock · monthly payer

$7.63

Overvalued · -22% Add to Portfolio

Forward Yield

8.94%

Annual Dividend

$0.37

Payout Ratio

—

5-Yr Growth

-3.7%

Ex-Date

—

Frequency

Monthly

Key facts about CXH's dividend

Data as of · Source: SmarterDividends data

  • As of Aug 8, 2026, MFS Investment Grade Municipal Trust (CXH) has a forward dividend yield of 8.94%, based on an annual dividend of $0.37 per share and a share price of $7.63.
  • As of Aug 8, 2026, CXH's dividend safety grade from SmarterDividends is C (63 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, MFS Investment Grade Municipal Trust (CXH) has raised its dividend for 2 consecutive years as of Aug 8, 2026.
  • CXH last cut its regular dividend in 2023.
  • CXH's most recent ex-dividend date was May 21, 2026, for a dividend of $0.17 per share.
  • CXH's dividend has shrunk at an average rate of 3.7% a year over the past five years.
  • As of Aug 8, 2026, SmarterDividends' blended fair-value estimate for CXH is $5.93 per share, 22% below the $7.63 share price, so CXH screens as overvalued.
  • MFS Investment Grade Municipal Trust (CXH) pays its dividend monthly, 12 times a year.
  • MFS Investment Grade Municipal Trust (CXH) has raised its regular dividend 49 times and cut it 69 times across the 446 payments on record since 1989. Its most recent change was a 6.3% increase to $0.0340 per share, going ex-dividend on Jul 15, 2025. The last cut went ex-dividend on Jul 18, 2023.
Cite this page

SmarterDividends, "CXH Dividend: Yield, Safety Grade & Next Ex-Date," updated Aug 8, 2026, https://smarterdividends.com/stocks/CXH

Summary

As of Aug 8, 2026, MFS Investment Grade Municipal Trust (CXH) yields 8.94% ($0.37 a year per share), has a dividend safety grade of C (63/100) and has 2 consecutive years of dividend increases on record.

Is CXH a good dividend stock?

Yes, with caveats

MFS Investment Grade Municipal Trust (CXH) pays a monthly dividend yielding 8.94% ($0.37/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2023
    • Dividend has been shrinking, not growing
    • Very high yield can signal elevated risk

    Key Data

    Dividend Yield
    8.94%
    Payout Ratio
    —
    Annual Dividend
    $0.37
    5-Yr Avg Growth
    -3.7%
    Ex-Dividend Date
    —
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.67
    Market Cap
    $31.3M
    P/E Ratio
    381.5
    5-Yr Total Return
    —
    52-Week Range
    —
    Dividend Safety
    C · 63/100
    Ever Cut?
    Yes (2023)

    CXH dividend raises and cuts

    MFS Investment Grade Municipal Trust (CXH) has raised its regular dividend 49 times and cut it 69 times across the 446 payments on record since 1989. Its most recent change was a 6.3% increase to $0.0340 per share, going ex-dividend on Jul 15, 2025. The last cut went ex-dividend on Jul 18, 2023.

    Ex-dateChangeOld → newMove
    Jul 15, 2025Raise$0.0320 → $0.0340+6.3%
    Jun 17, 2025Raise$0.0300 → $0.0320+6.7%
    May 13, 2025Raise$0.0280 → $0.0300+7.1%
    Mar 18, 2025Raise$0.0270 → $0.0280+3.7%
    Jul 16, 2024Raise$0.0260 → $0.0270+3.8%
    Mar 12, 2024Raise$0.0240 → $0.0260+8.3%
    Feb 13, 2024Raise$0.0230 → $0.0240+4.3%
    Jan 16, 2024Raise$0.0220 → $0.0230+4.5%
    Jul 18, 2023Cut$0.0230 → $0.0220−4.3%
    Apr 18, 2023Cut$0.0250 → $0.0230−8.0%
    Mar 14, 2023Cut$0.0260 → $0.0250−3.8%
    Feb 14, 2023Raise$0.0230 → $0.0260+13.0%
    Show all 118 changes since 1989
    Ex-dateChangeOld → newMove
    Jan 17, 2023Cut$0.0250 → $0.0230−8.0%
    Nov 15, 2022Cut$0.0260 → $0.0250−3.8%
    Oct 18, 2022Cut$0.0270 → $0.0260−3.7%
    Sep 13, 2022Cut$0.0280 → $0.0270−3.6%
    Jun 14, 2022Cut$0.0290 → $0.0280−3.4%
    Apr 19, 2022Cut$0.0310 → $0.0290−6.5%
    Feb 15, 2022Cut$0.0320 → $0.0310−3.1%
    Jan 18, 2022Cut$0.0330 → $0.0320−3.0%
    Nov 16, 2021Cut$0.0340 → $0.0330−2.9%
    Sep 14, 2021Cut$0.0350 → $0.0340−2.9%
    Aug 17, 2021Cut$0.0360 → $0.0350−2.8%
    Jun 15, 2021Cut$0.0370 → $0.0360−2.7%
    Nov 17, 2020Cut$0.0380 → $0.0370−2.6%
    Jun 16, 2020Raise$0.0370 → $0.0380+2.7%
    May 12, 2020Raise$0.0360 → $0.0370+2.8%
    Nov 12, 2019Raise$0.0350 → $0.0360+2.9%
    Jul 16, 2019Cut$0.0360 → $0.0350−2.8%
    May 14, 2019Cut$0.0370 → $0.0360−2.7%
    Mar 12, 2019Cut$0.0380 → $0.0370−2.6%
    Jan 15, 2019Cut$0.0390 → $0.0380−2.6%
    Sep 18, 2018Cut$0.0400 → $0.0390−2.5%
    Aug 14, 2018Raise$0.0390 → $0.0400+2.6%
    Jun 12, 2018Raise$0.0380 → $0.0390+2.6%
    Nov 14, 2017Cut$0.0390 → $0.0380−2.6%
    Sep 12, 2017Cut$0.0400 → $0.0390−2.5%
    Aug 15, 2017Cut$0.0410 → $0.0400−2.4%
    May 16, 2017Raise$0.0400 → $0.0410+2.5%
    Apr 18, 2017Cut$0.0410 → $0.0400−2.4%
    Mar 14, 2017Raise$0.0400 → $0.0410+2.5%
    Dec 20, 2016Raise$0.0390 → $0.0400+2.6%
    Nov 15, 2016Cut$0.0400 → $0.0390−2.5%
    Jul 19, 2016Cut$0.0410 → $0.0400−2.4%
    Jun 14, 2016Cut$0.0420 → $0.0410−2.4%
    Apr 19, 2016Cut$0.0430 → $0.0420−2.3%
    Mar 15, 2016Raise$0.0420 → $0.0430+2.4%
    Jan 19, 2016Cut$0.0430 → $0.0420−2.3%
    May 12, 2015Raise$0.0420 → $0.0430+2.4%
    Jan 13, 2015Cut$0.0430 → $0.0420−2.3%
    Sep 16, 2014Cut$0.0440 → $0.0430−2.3%
    Jun 17, 2014Cut$0.0450 → $0.0440−2.2%
    Mar 18, 2014Raise$0.0440 → $0.0450+2.3%
    Jan 14, 2014Cut$0.0450 → $0.0440−2.2%
    Dec 17, 2013Cut$0.0460 → $0.0450−2.2%
    Nov 13, 2012Cut$0.0480 → $0.0460−4.2%
    Oct 16, 2012Cut$0.0530 → $0.0480−9.4%
    May 15, 2012Cut$0.0550 → $0.0530−3.6%
    Aug 10, 2010Raise$0.0540 → $0.0550+1.9%
    Oct 13, 2009Raise$0.0530 → $0.0540+1.9%
    Jul 13, 2009Raise$0.0520 → $0.0530+1.9%
    May 11, 2009Raise$0.0510 → $0.0520+2.0%
    Apr 13, 2009Raise$0.0490 → $0.0510+4.1%
    Mar 9, 2009Raise$0.0450 → $0.0490+8.9%
    Feb 9, 2009Raise$0.0430 → $0.0450+4.7%
    Nov 7, 2008Cut$0.0450 → $0.0430−4.4%
    Sep 10, 2008Cut$0.0470 → $0.0450−4.3%
    Jul 9, 2008Raise$0.0460 → $0.0470+2.2%
    Nov 9, 2007Raise$0.0450 → $0.0460+2.2%
    Jun 13, 2007Cut$0.0470 → $0.0450−4.3%
    Oct 12, 2006Raise$0.0450 → $0.0470+4.4%
    Aug 11, 2006Cut$0.0470 → $0.0450−4.3%
    Jun 13, 2006Cut$0.0490 → $0.0470−4.1%
    May 11, 2006Cut$0.0500 → $0.0490−2.0%
    Feb 13, 2006Cut$0.0520 → $0.0500−3.8%
    Oct 13, 2005Raise$0.0500 → $0.0520+4.0%
    Jun 13, 2005Cut$0.0520 → $0.0500−3.8%
    Apr 13, 2005Cut$0.0540 → $0.0520−3.7%
    Feb 11, 2005Cut$0.0570 → $0.0540−5.3%
    Apr 13, 2004Raise$0.0560 → $0.0570+1.8%
    Dec 11, 2003Cut$0.0580 → $0.0560−3.4%
    Mar 13, 2003Raise$0.0560 → $0.0580+3.6%
    Nov 13, 2001Raise$0.0540 → $0.0560+3.7%
    Oct 11, 2001Raise$0.0530 → $0.0540+1.9%
    Sep 13, 2001Raise$0.0490 → $0.0530+8.2%
    Apr 11, 2001Raise$0.0470 → $0.0490+4.3%
    Dec 13, 2000Cut$0.0510 → $0.0470−7.8%
    May 11, 2000Raise$0.0500 → $0.0510+2.0%
    Feb 11, 2000Raise$0.0490 → $0.0500+2.0%
    Nov 10, 1999Raise$0.0470 → $0.0490+4.3%
    Jun 11, 1999Cut$0.0480 → $0.0470−2.1%
    Apr 13, 1999Cut$0.0500 → $0.0480−4.0%
    Mar 11, 1999Raise$0.0480 → $0.0500+4.2%
    Feb 11, 1999Cut$0.0500 → $0.0480−4.0%
    Oct 13, 1998Cut$0.0510 → $0.0500−2.0%
    Oct 10, 1997Cut$0.0530 → $0.0510−3.8%
    Sep 12, 1996Raise$0.0500 → $0.0530+6.0%
    Feb 13, 1996Cut$0.0520 → $0.0500−3.8%
    Apr 10, 1995Raise$0.0520 → $0.0525+1.0%
    Apr 7, 1995Cut$0.0540 → $0.0520−3.7%
    Jul 11, 1994Cut$0.0590 → $0.0540−8.5%
    Oct 8, 1993Cut$0.0610 → $0.0590−3.3%
    Sep 9, 1993Cut$0.0690 → $0.0610−11.6%
    Aug 10, 1993Cut$0.0710 → $0.0690−2.8%
    Jun 9, 1993Raise$0.0690 → $0.0710+2.9%
    May 11, 1993Cut$0.0710 → $0.0690−2.8%
    Mar 9, 1993Raise$0.0690 → $0.0710+2.9%
    Feb 9, 1993Cut$0.0710 → $0.0690−2.8%
    Dec 9, 1992Raise$0.0690 → $0.0710+2.9%
    Nov 9, 1992Cut$0.0710 → $0.0690−2.8%
    Jan 9, 1992Cut$0.0720 → $0.0710−1.4%
    Nov 8, 1991Cut$0.0750 → $0.0720−4.0%
    Aug 9, 1990Cut$0.0770 → $0.0750−2.6%
    Jul 10, 1990Cut$0.0800 → $0.0770−3.8%
    Jun 11, 1990Cut$0.0820 → $0.0800−2.4%
    Sep 11, 1989Raise$0.0690 → $0.0820+18.8%
    Aug 9, 1989Raise$0.0650 → $0.0690+6.2%
    Jul 11, 1989Raise$0.0600 → $0.0650+8.3%
    Every CXH payment →Download every raise and cut (CSV)
    CXH ex-dividend date & scheduleNext ex-date — · full ex-dividend historyView →CXH dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is CXH a good dividend stock?

    Yes, with caveats. MFS Investment Grade Municipal Trust (CXH) pays a monthly dividend yielding 8.94% ($0.37/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is CXH undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, CXH's fair value is about $5.93 versus a $7.63 share price — so it looks overvalued (-22% vs. fair value).

    Is CXH's dividend safe?

    CXH has a dividend-safety grade of C (63/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is CXH's fair value?

    Our blended fair-value estimate for CXH is about $5.93 per share, about 22% below the current $7.63 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is CXH a buy, hold, or sell?

    We don't issue formal ratings, but on the data CXH screens as "yes, with caveats" and overvalued. MFS Investment Grade Municipal Trust (CXH) pays a monthly dividend yielding 8.94% ($0.37/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will CXH cut its dividend?

    CXH earns a dividend-safety grade of C (63/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does CXH pay a dividend?

    Yes. MFS Investment Grade Municipal Trust pays a monthly dividend of about $0.37 per share annually, a forward yield of roughly 8.94%.

    What is CXH's dividend yield?

    As of Aug 8, 2026, CXH's forward dividend yield is 8.94%, based on a $0.37 annual dividend and a $7.63 share price.

    What is CXH's dividend per share?

    As of Aug 8, 2026, CXH pays $0.37 per share per year, distributed on a monthly basis.

    How many years has CXH grown its dividend?

    As of Aug 8, 2026, CXH has increased its dividend for 2 consecutive years.

    When is the next CXH ex-dividend date?

    As of Aug 8, 2026, CXH's next ex-dividend date hasn't been announced. The most recent was May 21, 2026, for $0.17 per share.

    Income Calculator

    At $0.37 / yr per share

    Per payment (monthly)$3.05
    Annual$36.60
    Monthly avg$3.05

    Similar Dividend Stocks

    FDPFDPDel Monte Corporation4.11%HLTCHLTCNational Healthcare Properties, Inc.1.63%CXECXEMFS High Income Municipal Trust6.73%CMUCMUMFS High Yield Municipal Trust15.10%

    Compare CXH

    CXH vs FDPCXH vs HLTCCXH vs CXECXH vs CMU

    Explore more

    Lists and tools related to CXH