Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) to Issue Monthly Dividend of $0.04

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Thursday, May 16th will be paid a dividend of 0.0394 per share by the investment management company on Friday, May 31st. This represents a $0.47 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Wednesday, May 15th.

Invesco Trust for Investment Grade New York Municipals Trading Up 1.0 %

Shares of VTN stock opened at $10.55 on Friday. Invesco Trust for Investment Grade New York Municipals has a fifty-two week low of $8.49 and a fifty-two week high of $10.84. The stock has a 50 day simple moving average of $10.59 and a two-hundred day simple moving average of $10.20.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 12,890 shares of Invesco Trust for Investment Grade New York Municipals stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of $10.63 per share, for a total transaction of $137,020.70. Following the purchase, the insider now directly owns 2,754,279 shares in the company, valued at approximately $29,277,985.77. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.

Invesco Trust for Investment Grade New York Municipals Company Profile

Invesco Trust for Investment Grade New York Municipals 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.