Invesco Municipal Trust to Issue Monthly Dividend of $0.06 (NYSE:VKQ)

Invesco Municipal Trust (NYSE:VKQ) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be given a dividend of 0.0628 per share by the investment management company on Wednesday, July 31st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date of this dividend is Tuesday, July 16th.

Invesco Municipal Trust has decreased its dividend payment by an average of 9.8% per year over the last three years.

Invesco Municipal Trust Price Performance

VKQ stock remained flat at $9.94 during trading on Tuesday. 110,582 shares of the company were exchanged, compared to its average volume of 144,930. The business’s fifty day moving average is $9.73 and its 200-day moving average is $9.57. Invesco Municipal Trust has a twelve month low of $7.94 and a twelve month high of $10.10.

About Invesco Municipal Trust

Invesco Municipal 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 Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.