abrdn National Municipal Income Fund (VFL) to Issue Monthly Dividend of $0.05 on November 29th

abrdn National Municipal Income Fund (NYSE:VFL) declared a monthly dividend on Monday, November 11th,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be given a dividend of 0.05 per share on Friday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Thursday, November 21st.

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 Price Performance

NYSE VFL traded up $0.02 on Wednesday, reaching $10.65. 18,785 shares of the stock were exchanged, compared to its average volume of 31,693. The company’s 50-day simple moving average is $11.01 and its two-hundred day simple moving average is $10.67. abrdn National Municipal Income Fund has a one year low of $8.87 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.