Invesco Quality Municipal Income Trust (IQI) Plans $0.05 Monthly Dividend
Invesco Quality Municipal Income Trust (NYSE:IQI) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.0546 per share by the financial services provider on Thursday, November 30th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Tuesday, November 14th.
Invesco Quality Municipal Income Trust has decreased its dividend by an average of 5.3% per year over the last three years.
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Invesco Quality Municipal Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with current income, which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal securities that are rated investment grade at the time of investment.
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