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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.0667 per share by the financial services provider on Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend is Friday, August 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 Trading Up 0.9 %

Shares of VPV traded up $0.10 during mid-day trading on Friday, reaching $11.04. 31,656 shares of the stock traded hands, compared to its average volume of 24,301. The stock has a fifty day simple moving average of $10.76 and a 200 day simple moving average of $10.34. Invesco Pennsylvania Value Municipal Income Trust has a 12-month low of $8.58 and a 12-month high of $11.05.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 7,265 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were bought at an average price of $10.28 per share, for a total transaction of $74,684.20. Following the completion of the purchase, the insider now directly owns 2,883,105 shares of the company’s stock, valued at approximately $29,638,319.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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.