Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.045 per share on Friday, December 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, December 14th.
Managed Duration Invtmt Grd Mun Fund has decreased its dividend by an average of 8.4% annually over the last three years.
Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) traded down $0.01 during midday trading on Tuesday, reaching $13.40. The company’s stock had a trading volume of 30,500 shares, compared to its average volume of 13,282. Managed Duration Invtmt Grd Mun Fund has a 52-week low of $12.78 and a 52-week high of $14.17.
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Managed Duration Invtmt Grd Mun Fund Company Profile
Managed Duration Investment Grade Municipal Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income exempt from regular federal income tax while seeking to protect the value of the Fund’s assets during periods of interest rate volatility.
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