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

Invesco Pennsylvania Value Municipal Income Trust (NYSE:VPV) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.0667 per share by the financial services provider on Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 7.10%. The ex-dividend date is Tuesday, December 17th.

Invesco Pennsylvania Value Municipal Income Trust has decreased its dividend payment by an average of 13.5% per year over the last three years.

Invesco Pennsylvania Value Municipal Income Trust Trading Down 0.1 %

Shares of NYSE VPV traded down $0.01 during trading hours on Tuesday, hitting $11.27. The stock had a trading volume of 137,081 shares, compared to its average volume of 39,369. The firm’s 50-day moving average price is $11.15 and its two-hundred day moving average price is $10.97. Invesco Pennsylvania Value Municipal Income Trust has a 52 week low of $9.72 and a 52 week high of $11.40.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 11,088 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $11.10, for a total value of $123,076.80. Following the completion of the transaction, the insider now owns 2,388,625 shares in the company, valued at approximately $26,513,737.50. This represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 253,434 shares of company stock valued at $2,790,263 in the last quarter.

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.