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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders 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 dividend yield of 7.20%. The ex-dividend date is Friday, November 15th.

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 Price Performance

NYSE:VPV traded up $0.06 during mid-day trading on Wednesday, reaching $11.11. 37,631 shares of the stock were exchanged, compared to its average volume of 36,730. The business has a fifty day moving average price of $11.17 and a 200 day moving average price of $10.87. Invesco Pennsylvania Value Municipal Income Trust has a 1-year low of $9.25 and a 1-year high of $11.40.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 56,200 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $11.01, for a total transaction of $618,762.00. Following the sale, the insider now owns 2,826,905 shares in the company, valued at $31,124,224.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 242,346 shares of company stock worth $2,667,186.

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.