Invesco Municipal Trust to Issue Monthly Dividend of $0.06 (VKQ)
Invesco Municipal Trust (NYSE:VKQ) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be paid a dividend of 0.0591 per share by the investment management company on Tuesday, October 31st. This represents a $0.71 annualized dividend and a dividend yield of 5.59%. The ex-dividend date is Thursday, October 12th.
Invesco Municipal Trust has decreased its dividend payment by an average of 5.5% annually over the last three years.
Shares of Invesco Municipal Trust (VKQ) traded down 0.70% during midday trading on Tuesday, hitting $12.69. 71,719 shares of the stock were exchanged. Invesco Municipal Trust has a 12 month low of $11.89 and a 12 month high of $13.77. The firm’s 50-day moving average is $12.90 and its 200-day moving average is $12.76.
About Invesco Municipal Trust
Invesco Municipal Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. The Trust invests approximately 80% of its assets in municipal securities rated investment grade at the time of investment.
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