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Invesco Trust For Inv Grade Munis

Invesco Trust For Inv Grade Munis

VGM · NYSE · Financial Services / Asset Management

9.09USD-0.01 (-0.11%)

Price History

Full chart

Market Stats

Previous Close9.10
Open9.12
Day Range9.00 – 9.12
52-Week Range8.57 – 10.50
Volume300.98K
Market Cap494.60M
P/E (TTM)29.42
Forward P/E0.00
EPS0.31
Dividend Yield8.50%
Beta0.69
50-Day Avg10.13
200-Day Avg10.26

About

Invesco Trust for Investment Grade Municipals is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Trust for Investment Grade Municipals. Invesco Trust for Investment Grade Municipals was formed on January 24, 1992 and is domiciled in the United States.

Company Details

Leadership

  • Mr. Colin D. Meadows J.D.Chief Executive Officer and President · b. 1971
  • Ms. Sheri Steward MorrisPrincipal Financial Officer, Vice President and Treasurer · b. 1964
  • Mr. Jeffrey Howard Kupor J.D.Senior Vice President, Chief Legal Officer and Secretary · b. 1969
  • Mr. Valinda Arnett-PattonChief Compliance Officer · b. 1959
  • Mr. John SchorlePortfolio Manager
  • Mr. Robert J. Stryker CFAPortfolio Manager
  • Mr. James D. PhillipsPortfolio Manager
  • Mr. Julius D. WilliamsPortfolio Manager
  • Mr. Mark E. ParisPortfolio Manager
  • Mr. John ConnellyPortfolio Manager

Financials

Income Statement

Currency: USD2007-02-282008-02-292009-02-282013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Revenue78.44M74.65M86.30M59.68M59.00M59.64M59.43M56.71M27.85M19.99M92.21M7.20M-2.16M-92.52M43.42M34.31M36.55M
Growth (%)--4.84%+15.61%-30.85%-1.13%+1.08%-0.34%-4.59%-50.88%-28.22%+361.22%-92.20%-130.08%-4174.37%+146.93%-20.97%+6.51%
Cost of Revenue6.96M6.29M7.75M--07.53M7.56M16.19M18.22M18.81M-41.59M7.08M6.00M5.44M13.32M5.06M
Gross Profit71.49M68.36M78.55M59.68M59.00M59.64M51.91M49.14M11.66M1.77M73.40M48.79M-9.25M-98.52M43.42M21.00M31.49M
Gross Margin91.13%91.58%91.02%100.00%100.00%100.00%87.33%86.66%41.86%8.85%79.60%677.91%427.16%106.48%100.00%61.20%86.17%
Operating Expense1.55M1.83M-35.26K8.18M7.80M7.94M5.30M37.77M-1.39M-43.21M30.42M7.16M-46.21M-136.83M5.59M711.79K2.16M
Operating Income69.94M66.53M78.59M51.50M51.20M51.70M46.61M11.37M13.05M44.97M42.98M41.62M36.97M38.31M37.82M20.29M29.34M
Operating Margin89.15%89.13%91.06%86.29%86.77%86.69%78.42%20.05%46.86%224.96%46.61%578.39%-1707.91%-41.41%87.12%59.12%80.27%
EBITDA---20.75M51.20M51.70M41.95M3.74M13.05M19.23M91.64M13.22M-44.52M-126.08M37.82M20.29M29.34M
EBITDA Margin---34.77%86.77%86.69%70.57%6.60%46.86%96.20%99.38%183.64%2056.88%136.27%87.12%59.12%80.27%
Net Income69.11M14.98M-205.24M72.25M-18.20M91.78M41.95M3.74M27.02M19.23M91.64M6.84M-2.54M-92.86M47.19M20.29M17.03M
Net Income Margin88.10%20.07%-237.82%121.07%-30.85%153.89%70.57%6.60%97.00%96.20%99.38%95.11%117.22%100.37%108.70%59.12%46.59%
Interest Expense000--06.33M39.58M8.76M11.10M11.57M6.37M4.60M11.09M15.26M13.32M12.31M
Interest Expense % of Total Revenue0.00%0.00%0.00%--0.00%10.66%69.80%31.44%55.53%12.55%88.53%-212.62%-11.99%35.14%38.80%33.67%

Balance Sheet

Currency: USD2007-02-282008-02-292009-02-282011-02-282013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Assets1.34B1.75B1.23B-1.32B1.26B1.34B1.33B1.29B1.26B1.21B1.30B1.25B1.20B990.29M947.06M889.18M907.17M
Total Liabilities161.38M345.97M214.50M-501.56M500.55M541.00M534.86M541.32M519.92M489.67M521.66M492.17M483.18M397.04M329.91M289.59M332.58M
Total Equity1.17B1.40B1.02B-822.98M755.11M798.90M793.12M752.93M738.57M721.92M780.10M753.19M715.76M593.26M617.15M599.60M574.58M
Cash-1.64K----------4.27M4.27M32.48M1.53M4.45M-
Total Debt----499.13M495.53M539.58M531.58M540.20M1.03B487.95M273.53M490.22M470.82M107.65M319.78M52.74M324.63M
Net Debt----499.13M495.53M539.58M531.58M540.20M243.68M212.53M240.74M216.72M193.28M75.17M318.25M48.30M324.63M

Cash Flow

Currency: USD2007-02-282008-02-292009-02-282013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Operating Cash Flow53.82M-162.49M29.75M69.86M53.12M3.97M49.90M47.80M63.68M65.86M7.13M57.79M58.53M147.80M53.49M75.44M24.77M
Investing Cash Flow250.38M250.38M250.38M---5.83M-15.12M29.88M40.85M-47.15M28.26M25.73M140.43M36.74M57.40M19.56M
Financing Cash Flow-46.41M162.49M-280.13M-69.86M-53.12M-3.97M-55.72M-35.33M-63.68M-65.86M-7.13M-57.79M-54.26M-119.59M-84.44M-72.52M-2.45M
Capital Expenditure00000000000000103
Free Cash Flow---69.86M53.12M3.97M49.90M47.80M63.68M65.86M7.13M57.79M58.53M147.80M53.49M75.44M24.77M
Dividends Paid46.41M38.94M45.30M54.76M49.52M48.02M47.73M43.95M41.39M34.62M31.98M33.73M34.88M27.44M22.56M22.90M25.46M
FCF to OCF---100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF---78.39%93.22%1209.25%95.65%91.95%65.00%52.57%448.57%58.37%59.60%18.57%42.18%30.36%102.81%

Earnings

Report DateNov 8, 2018May 9, 2019Nov 7, 2019May 6, 2020Nov 6, 2020May 7, 2021Nov 4, 2021May 6, 2022Nov 4, 2022May 3, 2023Nov 1, 2024May 2, 2025Nov 7, 2025
EPS Estimate0.000.000.000.000.000.000.000.000.000.000.000.000.00
EPS Actual0.200.151.080.61-0.290.420.67-0.71-1.54-0.170.280.09-0.67
Surprise-------------
Timing-------------

Key Statistics & Ratios

Market Cap494.60M
Enterprise Value873.49M
Trailing P/E29.42
Forward P/E0.00
PEG Ratio0.00
Price / Sales11.43
Price / Book0.88
EPS0.31
Book Value10.60
Revenue (TTM)43.26M
Gross Profit (TTM)43.26M
Profit Margin39.37%
Operating Margin87.77%
Return on Equity2.90%
Return on Assets2.65%
Shares Outstanding54.23M
Shares Float0
Beta0.69
Dividend Yield8.50%
Dividend Rate0.78
Payout Ratio250.06%

Analyst Ratings

Strong Buy
Based on 1 analysts
  • Strong Buy
    1

Dividends

202610×
0.06Oct 14, 20260.07Sep 14, 20260.07Aug 17, 20260.07Jul 14, 20260.07Jun 15, 20260.07May 14, 20260.07Apr 14, 20260.07Mar 16, 20260.07Feb 17, 20260.07Jan 15, 2026
202512×
0.07Dec 16, 20250.07Nov 17, 20250.07Oct 16, 20250.07Sep 16, 20250.07Aug 18, 20250.07Jul 16, 20250.07Jun 17, 20250.07May 16, 20250.07Apr 16, 20250.07Mar 17, 20250.07Feb 18, 20250.07Jan 17, 2025
20242×
0.07Dec 17, 20240.07Nov 15, 2024