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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.0667 per share by the financial services provider on Friday, August 30th. This represents a $0.80 annualized dividend 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 payment by an average of 13.5% per year over the last three years.

Invesco Pennsylvania Value Municipal Income Trust Stock Up 0.9 %

Shares of VPV traded up $0.10 during midday trading on Friday, hitting $11.04. 31,656 shares of the company traded hands, compared to its average volume of 24,301. The firm has a 50 day moving average of $10.76 and a 200-day moving average of $10.34. Invesco Pennsylvania Value Municipal Income Trust has a 52 week low of $8.58 and a 52 week high of $11.05.

Insider Buying and Selling at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 7,265 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average price of $10.28 per share, with a total value of $74,684.20. Following the acquisition, the insider now directly owns 2,883,105 shares of the company’s stock, valued at $29,638,319.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

About Invesco Pennsylvania Value Municipal Income Trust

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.