Invesco Quality Municipal Income Trust (NYSE:IQI) announced a monthly dividend on Friday, February 2nd, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.0574 per share by the financial services provider on Wednesday, February 28th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Wednesday, February 14th. This is a boost from Invesco Quality Municipal Income Trust’s previous monthly dividend of $0.05.
Invesco Quality Municipal Income Trust has decreased its dividend by an average of 2.3% annually over the last three years.
Shares of Invesco Quality Municipal Income Trust (NYSE IQI) traded up $0.03 on Friday, reaching $12.00. 68,646 shares of the company’s stock traded hands, compared to its average volume of 134,895. Invesco Quality Municipal Income Trust has a twelve month low of $11.71 and a twelve month high of $13.04.
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About Invesco Quality Municipal Income Trust
Invesco Quality Municipal Income Trust (the Trust) is a diversified, closed-end management investment company. The Trust’s investment objective is to provide common shareholders with current income, which is exempt from federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal securities that are rated investment grade at the time of investment.
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