Invesco Quality Municipal Income Trust Announces Monthly Dividend of $0.06 (NYSE:IQI)

Invesco Quality Municipal Income Trust (NYSE:IQI) declared a monthly dividend on Wednesday, October 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, October 16th will be given a dividend of 0.0631 per share by the financial services provider on Thursday, October 31st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Wednesday, October 16th.

Invesco Quality Municipal Income Trust has decreased its dividend by an average of 9.4% per year over the last three years.

Invesco Quality Municipal Income Trust Trading Up 0.1 %

Shares of NYSE:IQI traded up $0.01 during midday trading on Wednesday, hitting $10.49. 117,187 shares of the company’s stock were exchanged, compared to its average volume of 142,642. Invesco Quality Municipal Income Trust has a 12 month low of $8.05 and a 12 month high of $10.53. The stock has a 50 day moving average price of $10.24 and a 200-day moving average price of $9.89.

About Invesco Quality Municipal Income Trust

Invesco Quality Municipal Income Trust is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.