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

Invesco Quality Municipal Income Trust (NYSE:IQI) announced a monthly dividend on Tuesday, March 25th, Wall Street Journal reports. Investors of record on Wednesday, April 16th will be paid a dividend of 0.0631 per share by the financial services provider on Wednesday, April 30th. This represents a $0.76 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date is Wednesday, April 16th.

Invesco Quality Municipal Income Trust has raised its dividend payment by an average of 2.7% annually over the last three years.

Invesco Quality Municipal Income Trust Price Performance

NYSE:IQI traded down $0.13 on Tuesday, reaching $9.71. 167,713 shares of the company’s stock were exchanged, compared to its average volume of 160,184. The stock has a fifty day simple moving average of $9.92 and a 200-day simple moving average of $10.04. Invesco Quality Municipal Income Trust has a 52 week low of $9.23 and a 52 week high of $10.53.

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.