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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 17th will be given a dividend of 0.0667 per share by the financial services provider on Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Tuesday, December 17th.

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

Invesco Pennsylvania Value Municipal Income Trust Stock Down 0.1 %

Shares of NYSE VPV traded down $0.01 during trading on Tuesday, reaching $11.27. 137,081 shares of the stock traded hands, compared to its average volume of 39,369. Invesco Pennsylvania Value Municipal Income Trust has a 52-week low of $9.72 and a 52-week high of $11.40. The company has a 50-day moving average of $11.15 and a 200-day moving average of $10.97.

Insider Buying and Selling at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 56,200 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $11.01, for a total transaction of $618,762.00. Following the completion of the transaction, the insider now owns 2,826,905 shares of the company’s stock, valued at approximately $31,124,224.05. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 253,434 shares of company stock valued at $2,790,263 over the last three months.

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.