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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) announced a monthly dividend on Tuesday, February 4th,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 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date of this dividend is Tuesday, February 18th.

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

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

VPV stock traded down $0.03 during trading on Tuesday, hitting $10.34. 194,738 shares of the stock traded hands, compared to its average volume of 83,038. Invesco Pennsylvania Value Municipal Income Trust has a 1 year low of $9.84 and a 1 year high of $11.41. The firm’s 50 day moving average is $10.54 and its two-hundred day moving average is $10.90.

Insider Activity at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. sold 10,306 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.08, for a total transaction of $114,190.48. Following the sale, the insider now directly owns 2,482,020 shares of the company’s stock, valued at approximately $27,500,781.60. This represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 68,423 shares of company stock valued at $753,646.

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.