Invesco Municipal Trust (VKQ) Plans $0.06 Monthly Dividend
Invesco Municipal Trust (NYSE:VKQ) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Wednesday, January 24th will be paid a dividend of 0.0591 per share by the investment management company on Wednesday, January 31st. This represents a $0.71 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Tuesday, January 23rd.
Invesco Municipal Trust has decreased its dividend by an average of 5.5% per year over the last three years.
Shares of Invesco Municipal Trust (VKQ) traded up $0.08 on Wednesday, reaching $12.64. 115,050 shares of the company were exchanged, compared to its average volume of 128,000. Invesco Municipal Trust has a fifty-two week low of $12.04 and a fifty-two week high of $13.04.
About Invesco Municipal Trust
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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