Delaware Investments Minnesota Municipal Income Fund II, Inc. (NYSE:VMM) Declares Monthly Dividend of $0.04

Delaware Investments Minnesota Municipal Income Fund II, Inc. (NYSE:VMM) announced a monthly dividend on Tuesday, January 11th, Wall Street Journal reports. Investors of record on Friday, January 21st will be given a dividend of 0.035 per share on Friday, January 28th. This represents a $0.42 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, January 20th.

Delaware Investments Minnesota Municipal Income Fund II has decreased its dividend by 9.9% over the last three years.

Delaware Investments Minnesota Municipal Income Fund II stock traded up $0.09 during midday trading on Wednesday, hitting $14.10. 7,712 shares of the stock were exchanged, compared to its average volume of 9,030. Delaware Investments Minnesota Municipal Income Fund II has a fifty-two week low of $12.85 and a fifty-two week high of $14.44. The stock’s 50-day moving average price is $13.96.

In related news, major shareholder Saba Capital Management, L.P. bought 20,760 shares of the stock in a transaction on Monday, December 6th. The stock was bought at an average price of $13.72 per share, with a total value of $284,827.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have acquired 45,905 shares of company stock valued at $635,932.

About Delaware Investments Minnesota Municipal Income Fund II

Delaware Investments Minnesota Municipal Income Fund II, Inc is a closed ended fixed income mutual fund launched by Delaware Management Holdings, Inc The fund is managed by Delaware Management Business Trust. It invests in fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, which include airport revenue bonds, city general obligation bonds, continuing care and retirement revenue bonds, corporate backed revenue bonds, escrowed to maturity bonds, higher education revenue bonds, hospital revenue bonds, multifamily housing revenue bonds, municipal lease revenue bonds, parking revenue bonds, political subdivision general obligation bonds, pre-refunded bonds, public power revenue bonds, school district general obligation bonds, single family housing revenue bonds, state general obligation bonds, tax increment and special assessment bonds, territorial general obligation bonds, and territorial revenue bonds.

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Dividend History for Delaware Investments Minnesota Municipal Income Fund II (NYSE:VMM)

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