Invesco Municipal Opportunity Trust (NYSE:VMO) Raises Dividend to $0.06 Per Share

Invesco Municipal Opportunity Trust (NYSE:VMO) declared a monthly dividend on Friday, May 24th, Wall Street Journal reports. Stockholders of record on Tuesday, June 18th will be paid a dividend of 0.0625 per share by the investment management company on Friday, June 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend is Tuesday, June 18th. This is a positive change from Invesco Municipal Opportunity Trust’s previous monthly dividend of $0.04.

Invesco Municipal Opportunity Trust has decreased its dividend by an average of 10.4% annually over the last three years and has increased its dividend every year for the last 1 years.

Invesco Municipal Opportunity Trust Stock Up 4.0 %

VMO traded up $0.38 during midday trading on Friday, hitting $9.95. The stock had a trading volume of 470,608 shares, compared to its average volume of 210,917. The business has a fifty day moving average of $9.51 and a 200 day moving average of $9.44. Invesco Municipal Opportunity Trust has a 1 year low of $7.86 and a 1 year high of $9.98.

About Invesco Municipal Opportunity Trust

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.