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

Invesco Trust for Investment Grade Municipals (NYSE:VGM) declared a monthly dividend on Tuesday, March 25th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 7.76%. The ex-dividend date is Wednesday, April 16th.

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

Invesco Trust for Investment Grade Municipals Price Performance

Shares of Invesco Trust for Investment Grade Municipals stock traded down $0.14 during midday trading on Tuesday, hitting $9.99. 91,933 shares of the company were exchanged, compared to its average volume of 156,278. The firm has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $10.24. Invesco Trust for Investment Grade Municipals has a 52 week low of $9.47 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.