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.
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.
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