Invesco Trust for Investment Grade New York Municipals (NYSE:VTN - Get Free Report) announced a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.0685 per share by the investment management company on Friday, June 28th. This represents a $0.82 annualized dividend and a yield of 7.43%. The ex-dividend date is Tuesday, June 18th. This is a boost from Invesco Trust for Investment Grade New York Municipals's previous monthly dividend of $0.04.
Invesco Trust for Investment Grade New York Municipals has decreased its dividend by an average of 9.9% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Invesco Trust for Investment Grade New York Municipals Price Performance
NYSE:VTN traded up $0.49 during trading hours on Friday, hitting $11.07. 247,658 shares of the stock were exchanged, compared to its average volume of 39,693. Invesco Trust for Investment Grade New York Municipals has a 52-week low of $8.49 and a 52-week high of $11.09. The firm's fifty day moving average price is $10.61 and its 200 day moving average price is $10.41.
Insider Activity
In other news, major shareholder Saba Capital Management, L.P. purchased 3,373 shares of the firm's stock in a transaction on Monday, March 11th. The shares were bought at an average cost of $10.66 per share, for a total transaction of $35,956.18. Following the completion of the purchase, the insider now directly owns 2,757,652 shares of the company's stock, valued at $29,396,570.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.00% of the company's stock.
Invesco Trust for Investment Grade New York Municipals Company Profile
(
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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.
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