Invesco Trust for Investment Grade New York Municipals (VTN) to Issue Monthly Dividend of $0.07 on November 29th

Invesco Trust for Investment Grade New York Municipals (NYSE:VTN) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.0685 per share by the investment management company on Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Friday, November 15th.

Invesco Trust for Investment Grade New York Municipals has decreased its dividend by an average of 9.9% annually over the last three years.

Invesco Trust for Investment Grade New York Municipals Stock Up 0.7 %

Shares of Invesco Trust for Investment Grade New York Municipals stock traded up $0.08 during trading hours on Wednesday, reaching $11.33. The company’s stock had a trading volume of 8,700 shares, compared to its average volume of 43,934. The stock’s fifty day simple moving average is $11.40 and its two-hundred day simple moving average is $11.20. Invesco Trust for Investment Grade New York Municipals has a one year low of $9.48 and a one year high of $11.68.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 803,267 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.50, for a total transaction of $9,237,570.50. Following the completion of the sale, the insider now owns 1,877,124 shares in the company, valued at approximately $21,586,926. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

About Invesco Trust for Investment Grade New York Municipals

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.