Invesco Value Municipal Income Trust (NYSE:IIM) Declares Monthly Dividend of $0.08

Invesco Value Municipal Income Trust (NYSE:IIM) announced a monthly dividend on Friday, May 24th, Wall Street Journal reports. Investors of record on Tuesday, June 18th will be paid a dividend of 0.0771 per share by the investment management company on Friday, June 28th. This represents a $0.93 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date of this dividend is Tuesday, June 18th. This is an increase from Invesco Value Municipal Income Trust’s previous monthly dividend of $0.05.

Invesco Value Municipal Income Trust has decreased its dividend payment by an average of 7.6% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Invesco Value Municipal Income Trust Trading Up 3.5 %

Shares of NYSE IIM traded up $0.41 during mid-day trading on Friday, hitting $12.03. 520,415 shares of the stock traded hands, compared to its average volume of 125,888. The stock has a fifty day moving average price of $11.64 and a 200-day moving average price of $11.61. Invesco Value Municipal Income Trust has a 52 week low of $9.94 and a 52 week high of $12.10.

About Invesco Value Municipal Income Trust

Invesco Value 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 (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.