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

Invesco Trust for Investment Grade Municipals (NYSE:VGM) announced a monthly dividend on Monday, March 24th, Wall Street Journal reports. Shareholders of record on Wednesday, April 16th will be paid a dividend of 0.0646 per share by the investment management company on Wednesday, April 30th. This represents a $0.78 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend is Wednesday, April 16th.

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

Invesco Trust for Investment Grade Municipals Stock Performance

Shares of VGM stock traded down $0.14 during trading hours on Tuesday, reaching $9.99. 91,933 shares of the company’s stock were exchanged, compared to its average volume of 156,278. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.47 and a 1 year high of $10.70. The company’s 50 day moving average is $10.12 and its two-hundred day moving average is $10.24.

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.