Looking at the universe of stocks we cover at Dividend Channel, on 5/9/13, Invesco Van Kampen Trust for Investment Grade New York Municipals (VTN) will trade ex-dividend, for its monthly dividend of $0.084, payable on 5/31/13. As a percentage of VTN's recent stock price of $16.10, this dividend works out to approximately 0.52%, so look for shares of Invesco Van Kampen Trust for Investment Grade New York Municipals to trade 0.52% lower — all else being equal — when VTN shares open for trading on 5/9/13.
Below is a dividend history chart for VTN, showing historical dividends prior to the most recent $0.084 declared by Invesco Van Kampen Trust for Investment Grade New York Municipals:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from VTN is likely to continue, and whether the current estimated yield of 6.26% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of VTN shares, versus its 200 day moving average:Looking at the chart above, VTN's low point in its 52 week range is $15.37 per share, with $17.40 as the 52 week high point — that compares with a last trade of $16.19.
In Tuesday trading, Invesco Van Kampen Trust for Investment Grade New York Municipals shares are currently down about 0.3% on the day.
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