Inv Vk Mun Opp Plans Monthly Dividend of $0.06 (NYSE:VMO)

Key Points

• Invesco Municipal Opportunity Trust (NYSE:VMO) has announced a monthly dividend of $0.0625 per share, which translates to an annualized yield of 8.2%.
• The ex-dividend date is scheduled for September 16th, with payments made to shareholders on September 30th.
• Institutional investors collectively own 42.57% of VMO, with significant recent activity including a 413.3% increase in U.S. Bancorp's stake during the 1st quarter.

Inv Vk Mun Opp (NYSE:VMO - Get Free Report) declared a monthly dividend on Tuesday, September 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.0625 per share by the investment management company on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date is Tuesday, September 16th.

Inv Vk Mun Opp Stock Performance

VMO traded up $0.13 during midday trading on Monday, hitting $9.35. 573,894 shares of the company traded hands, compared to its average volume of 257,888. Inv Vk Mun Opp has a 52-week low of $8.81 and a 52-week high of $10.39. The business has a 50 day simple moving average of $9.16 and a two-hundred day simple moving average of $9.27.

Inv Vk Mun Opp Company Profile

Invesco Municipal Opportunity 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.