Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.045 per share on Wednesday, February 28th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Wednesday, February 14th.
Managed Duration Invtmt Grd Mun Fund has decreased its dividend by an average of 10.8% per year over the last three years.
Shares of Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) traded down $0.07 during mid-day trading on Monday, reaching $13.19. The company had a trading volume of 34,366 shares, compared to its average volume of 23,344. Managed Duration Invtmt Grd Mun Fund has a 52-week low of $12.86 and a 52-week high of $14.17.
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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