Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) to Issue $0.07 Monthly Dividend

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.0685 per share by the investment management company on Friday, February 28th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.85%. The ex-dividend date is Tuesday, February 18th.

Invesco Trust for Investment Grade New York Municipals has raised its dividend by an average of 5.8% annually over the last three years.

Invesco Trust for Investment Grade New York Municipals Stock Performance

Shares of VTN traded up $0.02 on Tuesday, reaching $10.47. The company’s stock had a trading volume of 104,684 shares, compared to its average volume of 71,699. Invesco Trust for Investment Grade New York Municipals has a 12-month low of $10.16 and a 12-month high of $11.68. The stock’s 50 day simple moving average is $10.74 and its two-hundred day simple moving average is $11.14.

Invesco Trust for Investment Grade New York Municipals Company Profile

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.