Invesco Value Municipal Income Trust (NYSE:IIM) Announces Dividend Increase – $0.08 Per Share

Invesco Value Municipal Income Trust (NYSE:IIM) announced a monthly dividend on Thursday, May 23rd, Wall Street Journal reports. Investors of record on Tuesday, June 18th will be given a dividend of 0.0771 per share by the investment management company on Friday, June 28th. This represents a $0.93 annualized dividend and a yield of 7.67%. The ex-dividend date is Tuesday, June 18th. This is a positive change from Invesco Value Municipal Income Trust’s previous monthly dividend of $0.05.

Invesco Value Municipal Income Trust Price Performance

NYSE:IIM opened at $12.06 on Monday. The company’s 50 day moving average is $11.69 and its 200-day moving average is $11.72. Invesco Value Municipal Income Trust has a 12 month low of $9.94 and a 12 month high of $12.18.

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.