Invesco Pennsylvania Value Municipal Income Trust (VPV) to Issue Monthly Dividend of $0.07 on November 29th

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0667 per share by the financial services provider on Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date is Friday, November 15th.

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

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

VPV traded up $0.06 during trading on Wednesday, hitting $11.11. 37,516 shares of the company’s stock traded hands, compared to its average volume of 36,730. The company’s 50 day simple moving average is $11.17 and its two-hundred day simple moving average is $10.87. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $9.25 and a 12-month high of $11.40.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 56,200 shares of Invesco Pennsylvania Value Municipal Income Trust stock in a transaction on Friday, October 25th. The stock was sold at an average price of $11.01, for a total value of $618,762.00. Following the completion of the sale, the insider now owns 2,826,905 shares of the company’s stock, valued at $31,124,224.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 242,346 shares of company stock valued at $2,667,186 over the last ninety days.

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.