abrdn National Municipal Income Fund Announces Monthly Dividend of $0.05 (NYSE:VFL)

abrdn National Municipal Income Fund (NYSE:VFL) announced a monthly dividend on Monday, November 11th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.05 per share on Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date is Thursday, November 21st.

abrdn National Municipal Income Fund has decreased its dividend by an average of 7.4% annually over the last three years.

abrdn National Municipal Income Fund Stock Performance

Shares of abrdn National Municipal Income Fund stock traded up $0.02 during trading on Wednesday, hitting $10.65. 18,785 shares of the stock traded hands, compared to its average volume of 31,693. The stock’s fifty day simple moving average is $11.01 and its 200 day simple moving average is $10.67. abrdn National Municipal Income Fund has a 52-week low of $8.87 and a 52-week high of $11.43.

abrdn National Municipal Income Fund Company Profile

abrdn National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by abrdn Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal obligations, the income from which is exempt from federal income taxes.