Invesco Trust for Investment Grade New York Municipals (VTN) Dividend

Invesco Trust for Investment Grade New York Municipals · Financial Services · Asset Management · monthly payer

$10.30

As of Nov 8, 2026, Invesco Trust for Investment Grade New York Municipals (VTN) pays a monthly dividend of $0.0690 per share, or $0.82 a year, a 7.98% yield at its $10.30 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

7.98%

Annual Dividend

$0.82

Payout Ratio

274%

5-Yr Growth

8.4%

Ex-Date

Nov 16, 2026

Frequency

Monthly

Key facts about VTN's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Invesco Trust for Investment Grade New York Municipals (VTN) has a forward dividend yield of 7.98%, based on an annual dividend of $0.82 per share and a share price of $10.30.
As of Nov 8, 2026, VTN's dividend safety grade from SmarterDividends is C (54 out of 100), which rates the dividend as borderline.
By SmarterDividends' count, Invesco Trust for Investment Grade New York Municipals (VTN) has raised its dividend for 2 consecutive years as of Nov 8, 2026.
VTN last cut its regular dividend in 2023.
VTN'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, VTN pays out 274% of its trailing 12-month earnings as dividends (its payout ratio).
VTN's dividend has grown at an average rate of 8.4% a year over the past five years.
As of Nov 8, 2026, VTN's 7.98% yield is 49% above its five-year average yield of 5.37%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for VTN is $14.92 per share, 45% above the $10.30 share price, so VTN screens as undervalued.
Invesco Trust for Investment Grade New York Municipals (VTN) pays its dividend monthly, 12 times a year.
Invesco Trust for Investment Grade New York Municipals (VTN) has raised its regular dividend 24 times and cut it 22 times across the 412 payments on record since 1992. Its most recent change was a 76.9% increase to $0.0690 per share, going ex-dividend on Jun 18, 2024. The last cut went ex-dividend on Sep 14, 2023.

Cite this page

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

Is VTN a good dividend stock?

Mixed

Invesco Trust for Investment Grade New York Municipals (VTN) pays a monthly dividend yielding 7.98% ($0.82/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 8.4% 5-yr dividend growth

Risks

Cut its dividend in 2023
Elevated payout ratio (274%)
Share price is down over the past 5 years

Key Data

Dividend Yield: 7.98%
Payout Ratio: 274%
Annual Dividend: $0.82
5-Yr Avg Growth: 8.4%
Ex-Dividend Date: Nov 16, 2026
Years of Growth: 2
Frequency: monthly
Beta: 0.72
Market Cap: $151.0M
P/E Ratio: 34.3
5-Yr Total Return: -24%
52-Week Range: $8.99 – $12.10
Dividend Safety: C · 54/100
Ever Cut?: Yes (2023)

VTN dividend raises and cuts

Invesco Trust for Investment Grade New York Municipals (VTN) has raised its regular dividend 24 times and cut it 22 times across the 412 payments on record since 1992. Its most recent change was a 76.9% increase to $0.0690 per share, going ex-dividend on Jun 18, 2024. The last cut went ex-dividend on Sep 14, 2023.

Ex-date	Change	Old → new	Move
Jun 18, 2024	Raise	$0.0390 → $0.0690	+76.9%
Feb 15, 2024	Raise	$0.0320 → $0.0390	+21.9%
Sep 14, 2023	Cut	$0.0330 → $0.0320	−3.0%
Apr 14, 2023	Cut	$0.0350 → $0.0330	−5.7%
Mar 14, 2023	Cut	$0.0370 → $0.0350	−5.4%
Nov 14, 2022	Cut	$0.0420 → $0.0370	−11.9%
Apr 14, 2022	Cut	$0.0480 → $0.0420	−12.5%
May 14, 2021	Raise	$0.0460 → $0.0480	+4.3%
Jan 14, 2020	Cut	$0.0510 → $0.0460	−9.8%
Mar 12, 2019	Cut	$0.0550 → $0.0510	−7.3%
Sep 13, 2018	Cut	$0.0580 → $0.0550	−5.2%
Oct 12, 2017	Raise	$0.0570 → $0.0580	+1.8%

Show all 46 changes since 1995

Ex-date	Change	Old → new	Move
Sep 12, 2016	Cut	$0.0710 → $0.0570	−19.7%
Dec 9, 2015	Raise	$0.0700 → $0.0710	+1.4%
Aug 11, 2015	Raise	$0.0670 → $0.0700	+4.5%
Sep 11, 2014	Cut	$0.0740 → $0.0670	−9.5%
Apr 10, 2014	Cut	$0.0840 → $0.0740	−11.9%
Dec 11, 2009	Raise	$0.0780 → $0.0840	+7.7%
Aug 12, 2009	Raise	$0.0740 → $0.0780	+5.4%
Jun 11, 2009	Raise	$0.0680 → $0.0740	+8.8%
Jul 11, 2008	Raise	$0.0650 → $0.0680	+4.6%
Jan 11, 2007	Raise	$0.0630 → $0.0650	+3.2%
May 11, 2006	Cut	$0.0710 → $0.0630	−11.3%
Sep 13, 2005	Cut	$0.0750 → $0.0710	−5.3%
Jun 13, 2005	Cut	$0.0820 → $0.0750	−8.5%
Jun 14, 2004	Cut	$0.0900 → $0.0820	−8.9%
May 12, 2004	Raise	$0.0890 → $0.0900	+1.1%
Apr 13, 2004	Cut	$0.0940 → $0.0890	−5.3%
Mar 11, 2004	Raise	$0.0930 → $0.0940	+1.1%
Sep 11, 2002	Raise	$0.0900 → $0.0930	+3.3%
Jun 12, 2002	Raise	$0.0870 → $0.0900	+3.4%
Jan 11, 2002	Raise	$0.0840 → $0.0870	+3.6%
Nov 13, 2001	Raise	$0.0820 → $0.0840	+2.4%
Jun 13, 2001	Raise	$0.0800 → $0.0820	+2.5%
Dec 13, 2000	Cut	$0.0830 → $0.0800	−3.6%
Nov 13, 2000	Cut	$0.0860 → $0.0830	−3.5%
Aug 11, 2000	Raise	$0.0830 → $0.0860	+3.6%
Jul 12, 2000	Cut	$0.0860 → $0.0830	−3.5%
Jun 13, 2000	Raise	$0.0830 → $0.0860	+3.6%
May 11, 2000	Cut	$0.0860 → $0.0830	−3.5%
Apr 12, 2000	Raise	$0.0830 → $0.0860	+3.6%
Sep 13, 1999	Raise	$0.0790 → $0.0830	+5.1%
Aug 11, 1999	Cut	$0.0800 → $0.0790	−1.3%
Jul 13, 1999	Raise	$0.0790 → $0.0800	+1.3%
Dec 11, 1997	Raise	$0.0750 → $0.0790	+5.3%
Sep 13, 1995	Cut	$0.0850 → $0.0750	−11.8%

Every VTN payment →Download every raise and cut (CSV)

VTN ex-dividend date & scheduleNext ex-date Nov 16, 2026 · full ex-dividend historyView →VTN dividend historyEvery payment, totals by year, raises and cutsView →VTN dividend calculator100 shares pay $82.00 a year, $6.83 each monthCalculate →VTN total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is VTN a good dividend stock?

Mixed. Invesco Trust for Investment Grade New York Municipals (VTN) pays a monthly dividend yielding 7.98% ($0.82/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 VTN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, VTN's fair value is about $14.92 versus a $10.30 share price — so it looks undervalued (+45% vs. fair value).

Is VTN's dividend safe?

VTN 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 VTN's fair value?

Our blended fair-value estimate for VTN is about $14.92 per share, roughly 45% above the current $10.30 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is VTN a buy, hold, or sell?

We don't issue formal ratings, but on the data VTN screens as "mixed" and undervalued. Invesco Trust for Investment Grade New York Municipals (VTN) pays a monthly dividend yielding 7.98% ($0.82/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 VTN cut its dividend?

VTN 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 VTN pay a dividend?

Yes. Invesco Trust for Investment Grade New York Municipals pays a monthly dividend of about $0.82 per share annually, a forward yield of roughly 7.98%.

How much dividend does 100 shares of VTN pay?

At $0.82 per share a year, 100 shares of VTN pay $82.00 a year in dividends before tax, about $6.83 each month. Buying them costs about $1,030 at the Nov 8, 2026 price.

What is VTN's dividend yield?

As of Nov 8, 2026, VTN's forward dividend yield is 7.98%, based on a $0.82 annual dividend and a $10.30 share price.

What is VTN's dividend per share?

As of Nov 8, 2026, VTN pays $0.82 per share per year, distributed on a monthly basis.

What is VTN's dividend payout ratio?

As of Nov 8, 2026, VTN's payout ratio is 274% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has VTN grown its dividend?

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

When is the next VTN ex-dividend date?

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

Dividend Growth

Total dividends per share by year

Dividend History

Full VTN dividend history →

Ex-Date	Pay Date	Amount	Type
Oct 14, 2026	Oct 30, 2026	$0.0690	regular
Sep 14, 2026	Sep 30, 2026	$0.0690	regular
Aug 17, 2026	Aug 31, 2026	$0.0690	regular
Jul 14, 2026	Jul 31, 2026	$0.0690	regular
Jun 15, 2026	Jun 30, 2026	$0.0690	regular
May 14, 2026	May 29, 2026	$0.0690	regular
Apr 14, 2026	Apr 30, 2026	$0.0690	regular
Mar 16, 2026	Mar 31, 2026	$0.0690	regular
Feb 17, 2026	Feb 27, 2026	$0.0690	regular
Jan 15, 2026	Jan 30, 2026	$0.0690	regular
Dec 16, 2025	Dec 31, 2025	$0.0690	regular
Nov 17, 2025	Nov 28, 2025	$0.0690	regular
Oct 16, 2025	Oct 31, 2025	$0.0690	regular
Sep 16, 2025	Sep 30, 2025	$0.0690	regular