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

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 paid 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 is Tuesday, March 25th.

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

abrdn National Municipal Income Fund Stock Down 0.6 %

Shares of NYSE VFL traded down $0.07 during mid-day trading on Wednesday, hitting $10.35. The company’s stock had a trading volume of 29,151 shares, compared to its average volume of 31,484. The company’s fifty day simple moving average is $10.46 and its 200-day simple moving average is $10.70. abrdn National Municipal Income Fund has a one year low of $9.84 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.