Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Declares Dividend Increase – $0.07 Per Share

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) declared a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Stockholders of record on Tuesday, June 18th will be given a dividend of 0.0685 per share by the investment management company on Friday, June 28th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Tuesday, June 18th. This is an increase from Invesco Trust for Investment Grade New York Municipals’s previous monthly dividend of $0.04.

Invesco Trust for Investment Grade New York Municipals has decreased its dividend payment by an average of 9.9% annually over the last three years.

Invesco Trust for Investment Grade New York Municipals Price Performance

VTN opened at $11.34 on Monday. Invesco Trust for Investment Grade New York Municipals has a 1 year low of $8.49 and a 1 year high of $11.42. The stock has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.58.

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.