Invesco Value Municipal Income Trust (NYSE:IIM) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Wednesday, December 13th will be given a dividend of 0.062 per share by the investment management company on Friday, December 29th. This represents a $0.74 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend is Tuesday, December 12th.
Invesco Value Municipal Income Trust has decreased its dividend payment by an average of 6.4% per year over the last three years.
Invesco Value Municipal Income Trust (NYSE IIM) traded up $0.04 on Friday, reaching $14.90. The company’s stock had a trading volume of 173,084 shares, compared to its average volume of 188,544. Invesco Value Municipal Income Trust has a twelve month low of $14.16 and a twelve month high of $15.47.
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Invesco Value Municipal Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with current income, which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing, primarily in municipal securities that are rated investment-grade at the time of investment.
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