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

abrdn National Municipal Income Fund (NYSE:VFL - Get Free Report) declared a monthly dividend on Tuesday, March 11th, Wall Street Journal reports. Investors 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 5.86%. The ex-dividend date is Tuesday, March 25th.

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

abrdn National Municipal Income Fund Stock Down 0.7 %

Shares of VFL traded down $0.07 during midday trading on Friday, hitting $10.24. 39,029 shares of the company traded hands, compared to its average volume of 31,889. abrdn National Municipal Income Fund has a 52 week low of $9.84 and a 52 week high of $11.43. The firm has a 50 day moving average of $10.46 and a 200-day moving average of $10.69.

About abrdn National Municipal Income Fund

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.