VGM Dividend History & Analysis | 7.9% Yield

VGM has a dividend yield of 7.9% and paid 0.78 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 7.87%
Payout Ratio 190.4%
Growth Rate CAGR 5y 4.62%
Consistency Lifetime 91.3%
Yield on Cost 5y 7.71%
Payout FCF 56.9%
Streak Years 34
Dividend Rating 69.62%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 10%
Total Return 5y: 2.4%

Top Dividend Payers in Asset Management & Custody Banks

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
ECC 674 M 24.3% 44.7%
OXLC 1,177 M 28.3% 29.2%
ECAT 1,534 M 22.0% 36.5%
OCCI 129 M 24.3% 30.5%
BCAT 1,540 M 22.4% 31.2%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
ECAT 1,534 M 144% 91.7%
FSCO 1,204 M 105% 90.0%
OPFI 831 M 108% 100%
SUNS 126 M 90.5% 100%
OWL 19,571 M 60.1% 100%

Quality Dividend Peers in Asset Management & Custody Banks

BUI
BlackRock Utility
 10.47% Yield
GNT
GAMCO Natural Resources
 7.98% Yield
GAM
General American
 11.74% Yield
TBLD
Thornburg Income
 6.56% Yield
BK
The Bank of New York
 2.10% Yield
TRIN
Trinity Capital
 14.80% Yield

VGM Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2026-01-15 2026-01-15 2026-01-30 Monthly 0.065 0% 0.62%
2025-12-16 2025-12-16 2025-12-31 Monthly 0.065 0% 0.63%
2025-11-17 2025-11-17 2025-11-28 Monthly 0.065 0% 0.64%
2025-10-16 2025-10-16 2025-10-31 Monthly 0.065 0% 0.64%
2025-09-16 2025-09-16 2025-09-30 Monthly 0.065 0% 0.65%
2025-08-18 2025-08-18 2025-08-29 Monthly 0.065 0% 0.68%
2025-07-16 2025-07-16 2025-07-31 Monthly 0.065 0% 0.68%
2025-06-17 2025-06-17 2025-06-30 Monthly 0.065 0% 0.69%
2025-05-16 2025-05-16 2025-05-30 Monthly 0.065 0% 0.68%
2025-04-16 2025-04-16 2025-04-30 Monthly 0.065 0% 0.67%
2025-03-17 2025-03-17 2025-03-31 Monthly 0.065 0% 0.65%
2025-02-18 2025-02-18 2025-02-28 Monthly 0.065 0% 0.64%
2025-01-17 2025-01-17 2025-01-31 Monthly 0.065 0% 0.64%
2024-12-17 2024-12-17 2024-12-31 Monthly 0.065 0% 0.64%
2024-11-15 2024-11-15 2024-11-29 Monthly 0.065 0% 0.64%
2024-10-16 2024-10-16 2024-10-31 Monthly 0.065 0% 0.62%
2024-09-17 2024-09-17 2024-09-30 Monthly 0.065 0% 0.61%
2024-08-16 2024-08-16 2024-08-30 Monthly 0.065 0% 0.63%
2024-07-16 2024-07-16 2024-07-31 Monthly 0.065 0% 0.63%
2024-06-18 2024-06-18 2024-06-28 Monthly 0.065 66.7% 0.64%
2024-05-15 2024-05-16 2024-05-31 Monthly 0.039 0% 0.4%
2024-04-15 2024-04-16 2024-04-30 Monthly 0.039 0% 0.41%
2024-03-14 2024-03-15 2024-03-28 Monthly 0.039 0% 0.39%
2024-02-15 2024-02-16 2024-02-29 Monthly 0.039 14.7% 0.39%
2024-01-16 2024-01-17 2024-01-31 Monthly 0.034 0% 0.35%
2023-12-14 2023-12-15 2023-12-29 Monthly 0.034 0% 0.35%
2023-11-14 2023-11-15 2023-11-30 Monthly 0.034 0% 0.38%
2023-10-13 2023-10-16 2023-10-31 Monthly 0.034 0% 0.39%
2023-09-14 2023-09-15 2023-09-29 Monthly 0.034 -5.6% 0.37%
2023-08-14 2023-08-15 2023-08-31 Monthly 0.036 0% 0.38%
2023-07-14 2023-07-17 2023-07-31 Monthly 0.036 0% 0.37%
2023-06-14 2023-06-15 2023-06-30 Monthly 0.036 0% 0.37%
2023-05-12 2023-05-15 2023-05-31 Monthly 0.036 0% 0.37%
2023-04-14 2023-04-17 2023-04-28 Monthly 0.036 -7.7% 0.36%
2023-03-14 2023-03-15 2023-03-31 Monthly 0.039 0% 0.4%
2023-02-14 2023-02-15 2023-02-28 Monthly 0.039 -4.9% 0.38%
2023-01-13 2023-01-17 2023-01-31 Monthly 0.041 0% 0.4%
2022-12-14 2022-12-15 2022-12-30 Monthly 0.041 0% 0.42%
2022-11-14 2022-11-15 2022-11-30 Monthly 0.041 -10.9% 0.44%
2022-10-14 2022-10-17 2022-10-31 Monthly 0.046 0% 0.49%
2022-09-14 2022-09-15 2022-09-30 Monthly 0.046 0% 0.45%
2022-08-12 2022-08-15 2022-08-31 Monthly 0.046 0% 0.42%
2022-07-14 2022-07-15 2022-07-29 Monthly 0.046 -6.1% 0.43%
2022-06-14 2022-06-15 2022-06-30 Monthly 0.049 0% 0.48%
2022-05-13 2022-05-16 2022-05-31 Monthly 0.049 0% 0.45%
2022-04-14 2022-04-18 2022-04-29 Monthly 0.049 -5.8% 0.45%
2022-03-14 2022-03-15 2022-03-31 Monthly 0.052 0% 0.44%
2022-02-14 2022-02-15 2022-02-28 Monthly 0.052 0% 0.43%
2022-01-14 2022-01-18 2022-01-31 Monthly 0.052 0% 0.39%
2021-12-13 2021-12-14 2021-12-31 Monthly 0.052 0% 0.38%

VGM Dividend FAQ

Invesco Trust for Investment-Grade Municipals (NYSE: VGM) is a closed-ended mutual fund launched in 1992 that focuses on U.S. investment-grade municipal securities, including bonds, notes, commercial paper, and lease obligations. The portfolio is built through a bottom-up, fundamental security-selection process and is co-managed by a global team of Invesco affiliates across the United States, Japan, Europe, Canada, and Hong Kong.

What is the Dividend Yield of VGM?

As of February 2026, VGM`s dividend yield is 7.87%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.78 USD by the current share price of 10.36.

Does VGM pay a dividend?

As of February 2026, VGM paid a dividend of 0.78 USD in the last 12 months. The last dividend was paid on 2026-01-15 and the payout was 0.065 USD.

How often does VGM pay dividends?

VGM pays dividends monthly. Over the last 12 months, VGM has issued 12 dividend payments. The last dividend payment was made on 2026-01-15.

VGM dividend forecast

Based on historical data, the forecasted dividends per share for VGM for the next 4 payments are between 0.05 (-23.1%) and 0.055 (-15.4%).
This represents a significant dividend cut compared to the last payment.

Will VGM pay dividends in 2026?

The latest dividend paid per share was 0.065 USD with an Ex-Dividend Date of 2026-01-15. The next Ex-Dividend date for Trust Inv Grade Munis (VGM) is currently unknown.

What is the next Ex-Dividend Date for VGM?

The next Ex-Dividend date for Trust Inv Grade Munis (VGM) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of VGM?

VGM's average dividend growth rate over the past 5 years is 4.62% per year.
Strong growth: VGM's Dividend growth is outpacing inflation.

What is the Yield on Cost of VGM?

VGM's 5-Year Yield on Cost is 7.71%. If you bought VGM's shares at 10.12 USD five years ago, your current annual dividend income (0.78 USD per share, trailing 12 months) equals 7.71% of your original purchase price.

What is the Payout Consistency of VGM?

VGM Payout Consistency is 91.3%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: Trust Inv Grade Munis has a strong track record of consistent dividend payments over its lifetime.

Does VGM have a good Dividend Yield?

VGM`s 7.87% Dividend Yield is considered as high. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of VGM?

The Dividend Payout Ratio of VGM is 190.4%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of VGM?

VGM`s Overall Dividend Rating is 69.62%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

VGM Outstanding Shares Analysis

What is the Trend in VGM's Outstanding Shares?

Trust Inv Grade Munis's outstanding shares have decreased by approximately 0% annually over the past 3 years (Trend Reliability: 0.0%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has VGM ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

Year Number of Shares Annual Growth Rate
2010 54,010,000
2011 54,010,000
2012 54,225,300 +0.4%
2013 54,225,300
2014 54,225,400 +0%
2015 54,225,300 -0%
2016 54,225,400 +0%
2017 54,225,900 +0%
2018 54,225,500 -0%
2019 54,225,300 -0%
2020 54,225,400 +0%
2021 54,232,000 +0.01%
2022 54,232,000
2023 54,232,000
2024 54,232,000
2025 54,232,000

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-04 02:40