Ex-Dividend Date Insight: Invesco Municipal

Invesco Municipal VKQ declared a dividend payable on April 30, 2021 to its shareholders as of April 1, 2021. It was also announced that shareholders of Invesco Municipal's stock as of April 14, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Invesco Municipal has an ex-dividend date set for for April 13, 2021. The company's current dividend payout is $0.05, which equates to a dividend yield of 4.86% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Invesco Municipal's Dividend Payouts And Yields

Over the past year, Invesco Municipal has seen its dividend payouts remain the same and its yields trend downward. Last year on December 14, 2020 the company's payout sat at $0.05, which has returned to its value today. Invesco Municipal's dividend yield last year was 4.91%, which has since decreased by 0.05%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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