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

abrdn National Municipal Income Fund (NYSE:VFL) announced a monthly dividend on Wednesday, February 12th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given a dividend of 0.05 per share on Friday, February 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Friday, February 21st.

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

abrdn National Municipal Income Fund Stock Performance

VFL stock traded down $0.21 during mid-day trading on Wednesday, reaching $10.32. 68,472 shares of the company’s stock were exchanged, compared to its average volume of 35,895. abrdn National Municipal Income Fund has a 12-month low of $9.84 and a 12-month high of $11.43. The stock’s 50 day moving average is $10.39 and its 200 day moving average is $10.73.

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.