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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) declared a monthly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders 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 by an average of 13.5% annually over the last three years.

Invesco Pennsylvania Value Municipal Income Trust Stock Performance

Shares of Invesco Pennsylvania Value Municipal Income Trust stock remained flat at $10.82 during trading on Tuesday. 21,179 shares of the stock were exchanged, compared to its average volume of 37,665. Invesco Pennsylvania Value Municipal Income Trust has a 1-year low of $8.58 and a 1-year high of $11.04. The firm’s fifty day simple moving average is $10.42 and its two-hundred day simple moving average is $10.21.

Insider Transactions at Invesco Pennsylvania Value Municipal Income Trust

In other news, major shareholder Saba Capital Management, L.P. acquired 2,973 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 2,842,701 shares in the company, valued at approximately $28,256,447.94. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have purchased 25,770 shares of company stock worth $259,821.

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.