Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) Declares Monthly Dividend

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) announced a monthly dividend on Tuesday, February 4th. Investors who hold shares as of the record date, Tuesday, February 18th, will receive a dividend of $0.0685 per share. This distribution will be made by the investment management company on Friday, February 28th. With this announcement, the annualized dividend comes to $0.82, representing a dividend yield of 7.85%. The ex-dividend date for this payment is also set for Tuesday, February 18th.

Over the past three years, Invesco Trust for Investment Grade New York Municipals has demonstrated a consistent growth in its dividends, averaging an increase of 5.8% each year.

VTN Stock Performance Overview

On Tuesday during trading hours, shares of NYSE VTN saw a modest increase of $0.02, reaching a market price of $10.47. In total, 104,684 shares changed hands, notably higher than its average trading volume of 71,699. The company's fifty-day simple moving average stands at $10.74, while its two-hundred-day simple moving average is $11.14. Over the past year, VTN has recorded a low of $10.16 and reached a high of $11.68.

About Invesco Trust for Investment Grade New York Municipals

This investment fund is a closed-ended fixed income mutual fund initiated by Invesco Ltd. The fund is co-managed by several entities including Invesco Advisers, Inc, and various international branches of Invesco. Its investment focus is on fixed income markets within the United States.

Investment Considerations

For those considering their next investment moves, it is suggested to conduct thorough research. While Invesco Trust for Investment Grade New York Municipals currently holds a "Hold" rating from analysts, there are numerous stocks that may present more favorable investment opportunities.

Conclusion

This monthly dividend announcement from Invesco is a positive indication for current shareholders. However, potential investors should assess their options wisely before committing funds.

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