Invesco Value Municipal Income Trust (NYSE:IIM) announced a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.062 per share by the investment management company on Wednesday, February 28th. This represents a $0.74 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend is Wednesday, February 14th.
Invesco Value Municipal Income Trust has decreased its dividend payment by an average of 3.4% per year over the last three years.
Invesco Value Municipal Income Trust (NYSE:IIM) traded down $0.07 during trading on Friday, hitting $14.05. 212,535 shares of the stock traded hands, compared to its average volume of 135,197. Invesco Value Municipal Income Trust has a 1 year low of $14.00 and a 1 year high of $15.47.
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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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