SmarterDividends
VKI

Invesco Advantage Municipal Income Trust II (VKI) Dividend

Invesco Advantage Municipal Income Trust II · Financial Services · Asset Management · monthly payer

$8.57

Fairly valued · +14% Add to Portfolio

As of Nov 8, 2026, Invesco Advantage Municipal Income Trust II (VKI) pays a monthly dividend of $0.0560 per share, or $0.67 a year, a 7.83% yield at its $8.57 share price. The next ex-dividend date is Nov 16, 2026, paid Nov 30, 2026. It has raised its dividend 2 years in a row and has a dividend safety grade of C.

Forward Yield

7.83%

Annual Dividend

$0.67

Payout Ratio

269%

5-Yr Growth

4.5%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about VKI's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Invesco Advantage Municipal Income Trust II (VKI) has a forward dividend yield of 7.83%, based on an annual dividend of $0.67 per share and a share price of $8.57.
  • As of Nov 8, 2026, VKI's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Invesco Advantage Municipal Income Trust II (VKI) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
  • VKI last cut its regular dividend in 2023.
  • VKI's next ex-dividend date is Nov 16, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Nov 8, 2026, VKI pays out 269% of its trailing 12-month earnings as dividends (its payout ratio).
  • VKI's dividend has grown at an average rate of 4.5% a year over the past five years.
  • As of Nov 8, 2026, VKI's 7.83% yield is 34% above its five-year average yield of 5.84%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for VKI is $9.76 per share, 14% above the $8.57 share price, so VKI screens as fairly valued.
  • Invesco Advantage Municipal Income Trust II (VKI) pays its dividend monthly, 12 times a year.
  • Invesco Advantage Municipal Income Trust II (VKI) has raised its regular dividend 19 times and cut it 25 times across the 395 payments on record since 1993. Its most recent change was a 60.0% increase to $0.0560 per share, going ex-dividend on Jun 18, 2024. The last cut went ex-dividend on Sep 14, 2023.
Cite this page

SmarterDividends, "VKI Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/VKI

Is VKI a good dividend stock?

Mixed

Invesco Advantage Municipal Income Trust II (VKI) pays a monthly dividend yielding 7.83% ($0.67/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

    Risks

    • Cut its dividend in 2023
    • Elevated payout ratio (269%)
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    7.83%
    Payout Ratio
    269%
    Annual Dividend
    $0.67
    5-Yr Avg Growth
    4.5%
    Ex-Dividend Date
    Nov 16, 2026
    Years of Growth
    2
    Frequency
    monthly
    Beta
    0.70
    Market Cap
    $380.8M
    P/E Ratio
    34.3
    5-Yr Total Return
    -29%
    52-Week Range
    $7.25 – $9.60
    Dividend Safety
    C · 54/100
    Ever Cut?
    Yes (2023)

    VKI dividend raises and cuts

    Invesco Advantage Municipal Income Trust II (VKI) has raised its regular dividend 19 times and cut it 25 times across the 395 payments on record since 1993. Its most recent change was a 60.0% increase to $0.0560 per share, going ex-dividend on Jun 18, 2024. The last cut went ex-dividend on Sep 14, 2023.

    Ex-dateChangeOld → newMove
    Jun 18, 2024Raise$0.0350 → $0.0560+60.0%
    Feb 15, 2024Raise$0.0310 → $0.0350+12.9%
    Sep 14, 2023Cut$0.0320 → $0.0310−3.1%
    Apr 14, 2023Cut$0.0350 → $0.0320−8.6%
    Feb 14, 2023Cut$0.0360 → $0.0350−2.8%
    Nov 14, 2022Cut$0.0420 → $0.0360−14.3%
    Jul 14, 2022Cut$0.0460 → $0.0420−8.7%
    Apr 14, 2022Cut$0.0470 → $0.0460−2.1%
    Dec 13, 2021Cut$0.0490 → $0.0470−4.1%
    Jan 14, 2021Raise$0.0470 → $0.0490+4.3%
    Aug 13, 2020Raise$0.0430 → $0.0470+9.3%
    Feb 13, 2020Cut$0.0450 → $0.0430−4.4%
    Show all 44 changes since 1995
    Ex-dateChangeOld → newMove
    Mar 12, 2019Cut$0.0490 → $0.0450−8.2%
    Sep 13, 2018Cut$0.0520 → $0.0490−5.8%
    Mar 14, 2018Cut$0.0550 → $0.0520−5.5%
    Sep 12, 2016Cut$0.0650 → $0.0550−15.4%
    Jun 11, 2014Raise$0.0630 → $0.0650+3.2%
    Jul 9, 2013Cut$0.0710 → $0.0630−11.3%
    Dec 12, 2012Cut$0.0730 → $0.0710−2.7%
    Dec 11, 2009Raise$0.0700 → $0.0730+4.3%
    Aug 12, 2009Raise$0.0620 → $0.0700+12.9%
    Jul 11, 2008Raise$0.0600 → $0.0620+3.3%
    Dec 12, 2007Raise$0.0580 → $0.0600+3.4%
    Dec 13, 2006Raise$0.0560 → $0.0580+3.6%
    Jul 12, 2006Cut$0.0590 → $0.0560−5.1%
    May 11, 2006Cut$0.0630 → $0.0590−6.3%
    Jan 11, 2006Cut$0.0700 → $0.0630−10.0%
    Jun 13, 2005Cut$0.0740 → $0.0700−5.4%
    Apr 13, 2005Cut$0.0800 → $0.0740−7.5%
    Jun 11, 2003Cut$0.0860 → $0.0800−7.0%
    Sep 11, 2002Raise$0.0830 → $0.0860+3.6%
    Jun 12, 2002Raise$0.0800 → $0.0830+3.8%
    Feb 13, 2002Raise$0.0750 → $0.0800+6.7%
    Jan 11, 2002Raise$0.0710 → $0.0750+5.6%
    Nov 13, 2001Raise$0.0660 → $0.0710+7.6%
    Oct 11, 2001Raise$0.0600 → $0.0660+10.0%
    Jun 13, 2001Raise$0.0560 → $0.0600+7.1%
    Feb 13, 2001Cut$0.0590 → $0.0560−5.1%
    Dec 13, 2000Cut$0.0650 → $0.0590−9.2%
    Nov 10, 1999Raise$0.0620 → $0.0650+4.8%
    Mar 13, 1996Cut$0.0650 → $0.0620−4.6%
    Dec 13, 1995Cut$0.0690 → $0.0650−5.8%
    Oct 11, 1995Raise$0.0620 → $0.0690+11.3%
    Sep 13, 1995Cut$0.0700 → $0.0620−11.4%
    Every VKI payment →Download every raise and cut (CSV)
    VKI ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →VKI dividend historyEvery payment, totals by year, raises and cutsView →VKI dividend calculator100 shares pay $67.00 a year, $5.58 each monthCalculate →VKI total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is VKI a good dividend stock?

    Mixed. Invesco Advantage Municipal Income Trust II (VKI) pays a monthly dividend yielding 7.83% ($0.67/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.

    Is VKI undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, VKI's fair value is about $9.76 versus a $8.57 share price — so it looks fairly valued (+14% vs. fair value).

    Is VKI's dividend safe?

    VKI has a dividend-safety grade of C (54/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

    What is VKI's fair value?

    Our blended fair-value estimate for VKI is about $9.76 per share, roughly 14% above the current $8.57 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is VKI a buy, hold, or sell?

    We don't issue formal ratings, but on the data VKI screens as "mixed" and fairly valued. Invesco Advantage Municipal Income Trust II (VKI) pays a monthly dividend yielding 7.83% ($0.67/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. This is research for your own analysis, not investment advice.

    Will VKI cut its dividend?

    VKI earns a dividend-safety grade of C (54/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does VKI pay a dividend?

    Yes. Invesco Advantage Municipal Income Trust II pays a monthly dividend of about $0.67 per share annually, a forward yield of roughly 7.83%.

    How much dividend does 100 shares of VKI pay?

    At $0.67 per share a year, 100 shares of VKI pay $67.00 a year in dividends before tax, about $5.58 each month. Buying them costs about $857 at the Nov 8, 2026 price.

    What is VKI's dividend yield?

    As of Nov 8, 2026, VKI's forward dividend yield is 7.83%, based on a $0.67 annual dividend and a $8.57 share price.

    What is VKI's dividend per share?

    As of Nov 8, 2026, VKI pays $0.67 per share per year, distributed on a monthly basis.

    What is VKI's dividend payout ratio?

    As of Nov 8, 2026, VKI's payout ratio is 269% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has VKI grown its dividend?

    As of Nov 8, 2026, VKI has increased its dividend for 2 consecutive years.

    When is the next VKI ex-dividend date?

    As of Nov 8, 2026, the next ex-dividend date on record for VKI is Nov 16, 2026.

    Income Calculator

    At $0.67 / yr per share

    Per payment (monthly)$5.58
    Annual$67.00
    Monthly avg$5.58
    Full VKI dividend calculator →

    Similar Dividend Stocks

    JPMJPMJPMorgan Chase & Co.1.97%Financial ServicesVVVisa Inc.0.74%Financial ServicesMAMAMastercard Incorporated0.53%Financial ServicesBACBACBank of America Corporation2.59%Financial Services

    Compare VKI

    VKI vs JPMVKI vs VVKI vs MAVKI vs BAC

    Explore more

    Lists and tools related to VKI