Invesco Quality Municipal Income Trust (NYSE:IQI) Plans Dividend Increase – $0.06 Per Share

Invesco Quality Municipal Income Trust (NYSE:IQI) 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 0.0631 per share by the financial services provider on Friday, June 28th. This represents a $0.76 annualized dividend and a yield of 7.62%. The ex-dividend date of this dividend is Tuesday, June 18th. This is a positive change from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.04.

Invesco Quality Municipal Income Trust has decreased its dividend payment by an average of 9.4% per year over the last three years and has increased its dividend every year for the last 1 years.

Invesco Quality Municipal Income Trust Trading Up 4.1 %

Shares of IQI traded up $0.40 during mid-day trading on Friday, reaching $9.94. 369,800 shares of the company’s stock were exchanged, compared to its average volume of 138,957. Invesco Quality Municipal Income Trust has a 52-week low of $8.05 and a 52-week high of $9.94. The company has a 50-day simple moving average of $9.50 and a two-hundred day simple moving average of $9.43.

Invesco Quality Municipal Income Trust Company Profile

Invesco Quality Municipal Income 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 Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.