Invesco Pennsylvania Value Municipal Income Trust (VPV) to Issue Monthly Dividend of $0.07 on August 30th

Posted by Doug Wharley on Aug 3rd, 2024

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV – Get Free Report) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 16th will be paid a dividend of 0.0667 per share by the financial services provider on Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Friday, August 16th.

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 Trading Up 0.9 %

Invesco Pennsylvania Value Municipal Income Trust stock traded up $0.10 during midday trading on Friday, reaching $11.04. 31,656 shares of the company were exchanged, compared to its average volume of 24,301. The firm’s 50-day simple moving average is $10.76 and its 200-day simple moving average is $10.34. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $8.58 and a 1 year high of $11.05.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 7,265 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average cost of $10.28 per share, with a total value of $74,684.20. Following the purchase, the insider now directly owns 2,883,105 shares of the company’s stock, valued at approximately $29,638,319.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Invesco Pennsylvania Value Municipal Income Trust Company Profile

(Get Free Report)

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.