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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Investors of record on Tuesday, July 16th will be given a dividend of 0.0667 per share by the financial services provider on Wednesday, July 31st. This represents a $0.80 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend is Tuesday, July 16th.

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 Price Performance

Shares of VPV remained flat at $10.82 during mid-day trading on Tuesday. The stock had a trading volume of 21,179 shares, compared to its average volume of 37,665. Invesco Pennsylvania Value Municipal Income Trust has a 52 week low of $8.58 and a 52 week high of $11.04. The business’s fifty day moving average price is $10.42 and its 200-day moving average price is $10.21.

Insider Activity at Invesco Pennsylvania Value Municipal Income Trust

In related news, major shareholder Saba Capital Management, L.P. acquired 2,973 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $9.94 per share, for a total transaction of $29,551.62. Following the completion of the acquisition, the insider now directly owns 2,842,701 shares in the company, valued at $28,256,447.94. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last quarter, insiders have acquired 25,770 shares of company stock worth $259,821.

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.