Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.045 per share on Thursday, November 30th. This represents a $0.54 annualized dividend and a yield of 3.99%. The ex-dividend date is Tuesday, November 14th.
Managed Duration Invtmt Grd Mun Fund has decreased its dividend by an average of 8.4% annually over the last three years.
Managed Duration Invtmt Grd Mun Fund (NYSE MZF) traded up $0.01 during trading hours on Wednesday, reaching $13.54. The company had a trading volume of 4,000 shares, compared to its average volume of 13,026. Managed Duration Invtmt Grd Mun Fund has a 52-week low of $12.75 and a 52-week high of $14.17.
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Managed Duration Invtmt Grd Mun Fund Company Profile
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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