abrdn National Municipal Income Fund Plans Monthly Dividend of $0.05 (NYSE:VFL)

abrdn National Municipal Income Fund (NYSE:VFL) declared a monthly dividend on Tuesday, December 10th,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be paid a dividend of 0.05 per share on Friday, January 10th. This represents a $0.60 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, December 30th.

abrdn National Municipal Income Fund has decreased its dividend by an average of 7.4% per year over the last three years.

abrdn National Municipal Income Fund Stock Performance

Shares of NYSE:VFL traded down $0.02 during midday trading on Wednesday, hitting $10.79. 71,549 shares of the stock traded hands, compared to its average volume of 31,451. The business’s 50 day moving average is $10.82 and its two-hundred day moving average is $10.75. abrdn National Municipal Income Fund has a one year low of $9.63 and a one year high of $11.43.

abrdn National Municipal Income Fund Company Profile

abrdn National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by abrdn Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal obligations, the income from which is exempt from federal income taxes.