Invesco Value Municipal Income Trust (NYSE:IIM) Announces Dividend Increase – $0.08 Per Share

Invesco Value Municipal Income Trust (NYSE:IIM) 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 0.0771 per share by the investment management company on Friday, June 28th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Tuesday, June 18th. This is a positive change from Invesco Value Municipal Income Trust’s previous monthly dividend of $0.05.

Invesco Value Municipal Income Trust has decreased its dividend payment by an average of 7.6% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Invesco Value Municipal Income Trust Price Performance

Invesco Value Municipal Income Trust stock traded up $0.41 during mid-day trading on Friday, reaching $12.03. The company had a trading volume of 520,415 shares, compared to its average volume of 125,888. Invesco Value Municipal Income Trust has a 52 week low of $9.94 and a 52 week high of $12.10. The company has a 50 day moving average of $11.64 and a 200-day moving average of $11.61.

About Invesco Value Municipal Income Trust

Invesco Value Municipal Income 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 Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.