abrdn National Municipal Income Fund (NYSE:VFL) Raises Dividend to $0.05 Per Share

abrdn National Municipal Income Fund (NYSE:VFL) declared a monthly dividend on Wednesday, September 11th, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be paid a dividend of 0.05 per share on Monday, September 30th. This represents a $0.60 annualized dividend and a yield of 5.32%. The ex-dividend date is Monday, September 23rd. This is a boost from abrdn National Municipal Income Fund’s previous monthly dividend of $0.05.

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

abrdn National Municipal Income Fund Price Performance

Shares of NYSE:VFL opened at $11.27 on Friday. The business’s 50 day simple moving average is $10.89 and its 200-day simple moving average is $10.46. abrdn National Municipal Income Fund has a 12 month low of $7.93 and a 12 month high of $11.43.

About abrdn National Municipal Income Fund

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.