Invesco Trust for Investment Grade Municipals to Issue Monthly Dividend of $0.06 (NYSE:VGM)

Invesco Trust for Investment Grade Municipals (NYSE:VGM) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, October 16th will be given a dividend of 0.0646 per share by the investment management company on Thursday, October 31st. This represents a $0.78 annualized dividend and a yield of 7.32%. The ex-dividend date is Wednesday, October 16th.

Invesco Trust for Investment Grade Municipals has decreased its dividend payment by an average of 10.8% per year over the last three years.

Invesco Trust for Investment Grade Municipals Stock Performance

Invesco Trust for Investment Grade Municipals stock remained flat at $10.59 during midday trading on Wednesday. The company’s stock had a trading volume of 137,613 shares, compared to its average volume of 149,524. The stock’s 50-day simple moving average is $10.43 and its 200-day simple moving average is $10.11. Invesco Trust for Investment Grade Municipals has a 52 week low of $8.15 and a 52 week high of $10.70.

About Invesco Trust for Investment Grade Municipals

Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.