Understanding Invesco Value Municipal's Ex-Dividend Date

On April 1, 2021, Invesco Value Municipal IIM announced shareholders can expect to receive a dividend payable on April 30, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Invesco Value Municipal, which has a current dividend per share of $0.06, has an ex-dividend date scheduled for April 13, 2021. That equates to a dividend yield of 4.9% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Invesco Value Municipal's Dividend History

Over the past year, Invesco Value Municipal has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on December 14, 2020 the company's payout was $0.06, which has returned to its value today. Invesco Value Municipal's dividend yield last year was 4.82%, which has since grown by 0.08%.
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.

Click here to find details on Invesco Value Municipal's previous dividends.