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

Invesco Trust for Investment Grade Municipals (NYSE:VGM) declared a monthly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.0646 per share by the investment management company on Friday, February 28th. This represents a $0.78 annualized dividend and a yield of 7.66%. The ex-dividend date is Tuesday, February 18th.

Invesco Trust for Investment Grade Municipals has increased its dividend by an average of 1.2% per year over the last three years.

Invesco Trust for Investment Grade Municipals Stock Up 0.4 %

Shares of VGM traded up $0.05 during mid-day trading on Tuesday, hitting $10.13. 171,535 shares of the company’s stock were exchanged, compared to its average volume of 154,152. Invesco Trust for Investment Grade Municipals has a 52 week low of $9.47 and a 52 week high of $10.70. The stock’s 50-day simple moving average is $10.14 and its 200-day simple moving average is $10.29.

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.