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

Invesco Municipal Trust (NYSE:VKQ - Get Free Report) declared a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Investors of record on Tuesday, June 18th will be given 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 7.55%. The ex-dividend date is Tuesday, June 18th. This is an increase 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 raised its dividend every year for the last 1 years.

Invesco Municipal Trust Stock Performance

Shares of NYSE:VKQ traded up $0.37 during trading hours on Friday, hitting $9.98. 452,912 shares of the company's stock traded hands, compared to its average volume of 152,875. Invesco Municipal Trust has a 52 week low of $7.94 and a 52 week high of $9.98. The company's fifty day simple moving average is $9.47 and its two-hundred day simple moving average is $9.41.

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.