Invesco Trust for Investment Grade New York Municipals Announces Monthly Dividend of $0.04 (NYSE:VTN)

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Thursday, May 16th will be paid a dividend of 0.0394 per share by the investment management company on Friday, May 31st. This represents a $0.47 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Wednesday, May 15th.

Invesco Trust for Investment Grade New York Municipals Price Performance

Shares of NYSE VTN opened at $10.55 on Friday. Invesco Trust for Investment Grade New York Municipals has a twelve month low of $8.49 and a twelve month high of $10.84. The firm has a 50-day moving average of $10.59 and a two-hundred day moving average of $10.20.

Insider Transactions at Invesco Trust for Investment Grade New York Municipals

In related news, major shareholder Saba Capital Management, L.P. acquired 12,890 shares of the business’s stock in a transaction on Friday, March 8th. The stock was bought at an average cost of $10.63 per share, with a total value of $137,020.70. Following the completion of the acquisition, the insider now owns 2,754,279 shares in the company, valued at $29,277,985.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

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.