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

abrdn National Municipal Income Fund (NYSE:VFL) announced a monthly dividend on Wednesday, March 12th, Wall Street Journal reports. Shareholders of record on Tuesday, March 25th will be given a dividend of 0.05 per share on Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Tuesday, March 25th.

abrdn National Municipal Income Fund has increased its dividend payment by an average of 1.2% annually over the last three years.

abrdn National Municipal Income Fund Price Performance

Shares of VFL stock traded down $0.07 on Wednesday, hitting $10.35. The stock had a trading volume of 29,151 shares, compared to its average volume of 31,484. abrdn National Municipal Income Fund has a twelve month low of $9.84 and a twelve month high of $11.43. The company has a fifty day moving average price of $10.46 and a two-hundred day moving average price of $10.70.

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.