Invesco Quality Municipal Income Trust (NYSE:IQI) declared a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Investors of record on Thursday, February 15th will be given a dividend of 0.0574 per share by the financial services provider on Wednesday, February 28th. This represents a $0.69 annualized dividend and a yield of 5.80%. The ex-dividend date is Wednesday, February 14th. This is a positive change from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.05.
Invesco Quality Municipal Income Trust has decreased its dividend by an average of 2.3% per year over the last three years.
Invesco Quality Municipal Income Trust (IQI) traded down $0.02 during mid-day trading on Friday, reaching $11.87. The company had a trading volume of 291,871 shares, compared to its average volume of 140,890. Invesco Quality Municipal Income Trust has a fifty-two week low of $11.78 and a fifty-two week high of $13.04.
Invesco Quality 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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