Shares of abrdn National Municipal Income Fund (NYSE:VFL – Get Free Report) shot up 2% during trading on Monday after the company announced a dividend. The stock traded as high as $10.42 and last traded at $10.42. 174,824 shares traded hands during trading, an increase of 311% from the average session volume of 42,539 shares. The stock had previously closed at $10.22.
The newly announced dividend which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd will be issued a dividend of $0.0375 per share. This represents a $0.45 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Wednesday, February 21st.
abrdn National Municipal Income Fund Trading Up 2.0 %
The company’s fifty day simple moving average is $10.13 and its 200-day simple moving average is $9.44.
Hedge Funds Weigh In On abrdn National Municipal Income Fund
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.
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