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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.0667 per share by the financial services provider on Friday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 7.74%. The ex-dividend date is Tuesday, February 18th.

Invesco Pennsylvania Value Municipal Income Trust has raised its dividend payment by an average of 3.4% annually over the last three years.

Invesco Pennsylvania Value Municipal Income Trust Trading Down 0.3 %

Shares of NYSE VPV traded down $0.03 during mid-day trading on Tuesday, hitting $10.34. The company had a trading volume of 194,738 shares, compared to its average volume of 83,038. The firm’s 50 day simple moving average is $10.54 and its two-hundred day simple moving average is $10.90. Invesco Pennsylvania Value Municipal Income Trust has a 12 month low of $9.84 and a 12 month high of $11.41.

Insider Activity

In other Invesco Pennsylvania Value Municipal Income Trust news, major shareholder Saba Capital Management, L.P. sold 47,029 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $10.98, for a total transaction of $516,378.42. Following the completion of the transaction, the insider now owns 2,514,676 shares in the company, valued at approximately $27,611,142.48. The trade was a 1.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 68,423 shares of company stock valued at $753,646.

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.