Invesco Trust for Investment Grade New York Municipals Plans Monthly Dividend of $0.07 (NYSE:VTN)

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) declared a monthly dividend on Monday, March 24th, Wall Street Journal reports. Stockholders of record on Wednesday, April 16th will be given a dividend of 0.0685 per share by the investment management company on Wednesday, April 30th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend is Wednesday, April 16th.

Invesco Trust for Investment Grade New York Municipals has raised its dividend payment by an average of 7.5% per year over the last three years.

Invesco Trust for Investment Grade New York Municipals Price Performance

Shares of NYSE:VTN traded down $0.05 during trading on Tuesday, reaching $10.69. 22,423 shares of the company’s stock traded hands, compared to its average volume of 55,629. The company has a 50 day moving average of $10.52 and a 200-day moving average of $10.96. Invesco Trust for Investment Grade New York Municipals has a 12 month low of $10.16 and a 12 month high of $11.68.

About Invesco Trust for Investment Grade New York Municipals

Invesco Trust for Investment Grade New York 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.