Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) declared a monthly dividend on Tuesday, September 5th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.045 per share on Friday, September 29th. This represents a $0.54 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, September 14th.
Managed Duration Invtmt Grd Mun Fund has decreased its dividend payment by an average of 8.4% annually over the last three years.
Shares of Managed Duration Invtmt Grd Mun Fund (MZF) traded up 0.07% on Wednesday, reaching $14.02. The company’s stock had a trading volume of 3,507 shares. Managed Duration Invtmt Grd Mun Fund has a 1-year low of $12.75 and a 1-year high of $14.46. The company’s 50 day moving average is $13.92 and its 200-day moving average is $13.62.
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About Managed Duration Invtmt Grd Mun Fund
Managed Duration Investment Grade Municipal Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income exempt from regular federal income tax while seeking to protect the value of the Fund’s assets during periods of interest rate volatility.
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