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

Invesco Municipal Trust (NYSE:VKQ) announced a monthly dividend on Friday, May 24th, Wall Street Journal reports. Shareholders of record on Tuesday, June 18th will be paid a dividend of 0.0628 per share by the investment management company on Friday, June 28th. This represents a $0.75 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Tuesday, June 18th. This is a positive change from Invesco Municipal Trust’s previous monthly dividend of $0.04.

Invesco Municipal Trust has decreased its dividend payment by an average of 9.8% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Invesco Municipal Trust Stock Up 3.7 %

Shares of NYSE VKQ traded up $0.36 during mid-day trading on Friday, hitting $9.97. The company’s stock had a trading volume of 453,180 shares, compared to its average volume of 152,863. The company’s fifty day simple moving average is $9.47 and its 200-day simple moving average is $9.41. Invesco Municipal Trust has a one year low of $7.94 and a one year high of $9.98.

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.