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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 0.0667 per share by the financial services provider on Wednesday, July 31st. This represents a $0.80 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Tuesday, July 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 Stock Up 0.1 %

Shares of VPV stock opened at $10.83 on Wednesday. Invesco Pennsylvania Value Municipal Income Trust has a 52 week low of $8.58 and a 52 week high of $11.04. The company has a 50-day simple moving average of $10.43 and a 200 day simple moving average of $10.21.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 7,265 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost 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 in the company, valued at approximately $29,638,319.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 25,770 shares of company stock valued at $259,821.

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.