SmarterDividends
VGM

Invesco Trust for Investment Grade Municipals

VGM

Financial Services · Stock · monthly payer

Forward Yield

7.66%

Annual Dividend

$0.78

Payout Ratio

250%

5-Yr Growth

5.2%

Ex-Date

Jun 15, 2026

Frequency

Monthly

VGM Dividend Safety Score

51/ 100
Grade C

Borderline

Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage250% of earnings paid out
Balance-sheet strengthDebt/equity of 0.56
Yield vs its historyYield is 1.3× its 5-yr average — elevated

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Is VGM a good dividend stock?

Mixed

Invesco Trust for Investment Grade Municipals (VGM) pays a monthly dividend yielding 7.66% ($0.78/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 5.2% 5-yr dividend growth

Risks

  • Cut its dividend in 2023
  • Elevated payout ratio (250%)
  • Share price is down over the past 5 years

Key Data

Dividend Yield
7.66%
Payout Ratio
250%
Annual Dividend
$0.78
5-Yr Avg Growth
5.2%
Ex-Dividend Date
Jun 15, 2026
Years of Growth
2
Frequency
monthly
Beta
0.69
Market Cap
$548.8M
P/E Ratio
32.6
5-Yr Total Return
-28%
52-Week Range
$9.37 – $10.66
Dividend Safety
C · 51/100
Ever Cut?
Yes (2023)
VGM ex-dividend date & scheduleNext ex-date Jun 15, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $0.78 / yr per share

Per payment (monthly)$6.50
Annual$78.00
Monthly avg$6.50