Managed Duration Invtmt Grd Mun Fund Declares Monthly Dividend of $0.05 (MZF)
Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be paid a dividend of 0.045 per share on Tuesday, October 31st. This represents a $0.54 annualized dividend and a yield of 3.94%. The ex-dividend date is Thursday, October 12th.
Managed Duration Invtmt Grd Mun Fund has decreased its dividend payment by an average of 8.4% per year over the last three years.
Shares of Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) traded down 0.15% during mid-day trading on Tuesday, reaching $13.70. The company’s stock had a trading volume of 3,036 shares. The company has a 50-day moving average price of $13.95 and a 200 day moving average price of $13.70. Managed Duration Invtmt Grd Mun Fund has a 52-week low of $12.75 and a 52-week high of $14.35.
Managed Duration Invtmt Grd Mun Fund Company Profile
Managed Duration Investment Grade Municipal Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income exempt from regular federal income tax while seeking to protect the value of the Fund’s assets during periods of interest rate volatility.
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