Invesco Value Municipal Income Trust (IIM) to Issue Monthly Dividend of $0.06
Invesco Value Municipal Income Trust (NYSE:IIM) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Wednesday, December 13th will be given a dividend of 0.062 per share by the investment management company on Friday, December 29th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Tuesday, December 12th.
Invesco Value Municipal Income Trust has decreased its dividend payment by an average of 6.4% per year over the last three years.
Invesco Value Municipal Income Trust (NYSE IIM) traded up $0.05 during trading on Monday, hitting $14.75. 213,400 shares of the company were exchanged, compared to its average volume of 137,050. Invesco Value Municipal Income Trust has a 52 week low of $14.16 and a 52 week high of $15.47.
Invesco Value 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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