Invesco Pennsylvania Value Municipal Income Trust Declares Monthly Dividend of $0.07 (NYSE:VPV)

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) announced a monthly dividend on Thursday, January 2nd,NASDAQ Dividends reports. Stockholders of record on Friday, January 17th will be given a dividend of 0.0667 per share by the financial services provider on Friday, January 31st. This represents a $0.80 annualized dividend and a dividend yield of 7.67%. The ex-dividend date of this dividend is Friday, January 17th.

Invesco Pennsylvania Value Municipal Income Trust has decreased its dividend by an average of 13.5% per year over the last three years.

Invesco Pennsylvania Value Municipal Income Trust Stock Up 0.4 %

VPV traded up $0.04 during trading on Friday, reaching $10.44. The company had a trading volume of 28,185 shares, compared to its average volume of 48,493. The business has a 50 day simple moving average of $10.89 and a 200-day simple moving average of $10.99. Invesco Pennsylvania Value Municipal Income Trust has a 52 week low of $9.84 and a 52 week high of $11.41.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 56,200 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $11.01, for a total transaction of $618,762.00. Following the transaction, the insider now owns 2,826,905 shares of the company’s stock, valued at approximately $31,124,224.05. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 253,434 shares of company stock valued at $2,790,263.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

Invesco Pennsylvania Value Municipal Income Trust 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.