SmarterDividends
VTN

Invesco Trust for Investment Grade New York Municipals

VTN

Financial Services · Stock · monthly payer

Forward Yield

7.43%

Annual Dividend

$0.82

Payout Ratio

274%

5-Yr Growth

8.4%

Ex-Date

Jun 15, 2026

Frequency

Monthly

VTN Dividend Safety Score

51/ 100
Grade C

Borderline

Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage274% of earnings paid out
Balance-sheet strengthDebt/equity of 0.47
Yield vs its historyYield is 1.4× 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 VTN a good dividend stock?

Mixed

Invesco Trust for Investment Grade New York Municipals (VTN) pays a monthly dividend yielding 7.43% ($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
7.43%
Payout Ratio
274%
Annual Dividend
$0.82
5-Yr Avg Growth
8.4%
Ex-Dividend Date
Jun 15, 2026
Years of Growth
2
Frequency
monthly
Beta
0.69
Market Cap
$162.0M
P/E Ratio
36.9
5-Yr Total Return
-21%
52-Week Range
$9.97 – $12.10
Dividend Safety
C · 51/100
Ever Cut?
Yes (2023)
VTN ex-dividend date & scheduleNext ex-date Jun 15, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $0.82 / yr per share

Per payment (monthly)$6.83
Annual$82.00
Monthly avg$6.83