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 Monday, January 13th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be paid a dividend of 0.05 per share on Friday, January 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Friday, January 24th.

abrdn National Municipal Income Fund has increased its dividend payment by an average of 0.6% annually over the last three years.

abrdn National Municipal Income Fund Stock Performance

Shares of abrdn National Municipal Income Fund stock traded down $0.07 during midday trading on Monday, hitting $10.13. The company had a trading volume of 25,573 shares, compared to its average volume of 32,682. The company has a fifty day simple moving average of $10.51 and a 200 day simple moving average of $10.75. abrdn National Municipal Income Fund has a 12-month low of $9.84 and a 12-month high of $11.43.

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.