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 3rd, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.0646 per share by the investment management company on Monday, March 31st. This represents a $0.78 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date is Monday, March 17th.

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

Invesco Trust for Investment Grade Municipals Trading Down 0.7 %

Shares of NYSE:VGM traded down $0.08 on Tuesday, hitting $10.18. The company had a trading volume of 135,568 shares, compared to its average volume of 155,142. The firm’s 50-day simple moving average is $10.10 and its two-hundred day simple moving average is $10.27. Invesco Trust for Investment Grade Municipals has a 1 year low of $9.47 and a 1 year 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.