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 Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.045 per share on Friday, December 29th. This represents a $0.54 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, December 14th.

Managed Duration Invtmt Grd Mun Fund has decreased its dividend by an average of 8.4% per year over the last three years.

Managed Duration Invtmt Grd Mun Fund (MZF) traded down $0.01 during trading on Monday, hitting $13.40. The stock had a trading volume of 30,513 shares, compared to its average volume of 13,282. Managed Duration Invtmt Grd Mun Fund has a twelve month low of $12.78 and a twelve month high of $14.17.

COPYRIGHT VIOLATION NOTICE: “Managed Duration Invtmt Grd Mun Fund Declares Monthly Dividend of $0.05 (MZF)” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/04/managed-duration-invtmt-grd-mun-fund-declares-monthly-dividend-of-0-05-mzf.html.

About Managed Duration Invtmt Grd Mun Fund

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.

Dividend History for Managed Duration Invtmt Grd Mun Fund (NYSE:MZF)

Receive News & Ratings for Managed Duration Invtmt Grd Mun Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Managed Duration Invtmt Grd Mun Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply