Managed Duration Invtmt Grd Mun Fund (MZF) to Issue Monthly Dividend of $0.05 on December 29th
Managed Duration Invtmt Grd Mun Fund (NYSE:MZF) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.045 per share on Friday, December 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Thursday, December 14th.
Managed Duration Invtmt Grd Mun Fund has decreased its dividend payment by an average of 8.4% annually over the last three years.
Managed Duration Invtmt Grd Mun Fund (NYSE MZF) traded down $0.12 during midday trading on Wednesday, hitting $13.45. The stock had a trading volume of 15,900 shares, compared to its average volume of 13,472. Managed Duration Invtmt Grd Mun Fund has a fifty-two week low of $12.83 and a fifty-two week high of $14.17.
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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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