Invesco Value Municipal Income Trust (NYSE:IIM) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.0588 per share by the investment management company on Friday, May 31st. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Tuesday, May 14th.
Invesco Value Municipal Income Trust has decreased its dividend by an average of 1.8% per year over the last three years.
Shares of IIM stock traded up $0.02 during trading on Friday, reaching $14.75. The company had a trading volume of 86,900 shares, compared to its average volume of 155,252. Invesco Value Municipal Income Trust has a one year low of $13.09 and a one year high of $14.83.
Invesco Value Municipal Income Trust 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.
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