Invesco Municipal Trust (VKQ) Plans Monthly Dividend of $0.06
Invesco Municipal Trust (NYSE:VKQ) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Wednesday, December 13th will be paid a dividend of 0.0591 per share by the investment management company on Friday, December 29th. This represents a $0.71 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend is Tuesday, December 12th.
Invesco Municipal Trust has decreased its dividend by an average of 5.5% annually over the last three years.
Shares of Invesco Municipal Trust (NYSE VKQ) traded up $0.06 during midday trading on Monday, hitting $12.36. The stock had a trading volume of 171,109 shares, compared to its average volume of 120,977. Invesco Municipal Trust has a fifty-two week low of $11.92 and a fifty-two week high of $13.04.
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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