abrdn National Municipal Income Fund (NYSE:VFL) Increases Dividend to $0.05 Per Share

abrdn National Municipal Income Fund (NYSE:VFL) announced a monthly dividend on Wednesday, March 13th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.045 per share on Tuesday, April 30th. This represents a $0.54 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Monday, April 22nd. This is a positive change from abrdn National Municipal Income Fund’s previous monthly dividend of $0.04.

abrdn National Municipal Income Fund Trading Up 0.1 %

VFL stock opened at $9.90 on Friday. abrdn National Municipal Income Fund has a 12 month low of $7.93 and a 12 month high of $10.48. The company’s 50 day simple moving average is $10.22 and its 200-day simple moving average is $9.72.

Institutional Trading of abrdn National Municipal Income Fund

A number of hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its position in abrdn National Municipal Income Fund by 15.5% during the first quarter. Susquehanna International Group LLP now owns 14,537 shares of the company’s stock worth $155,000 after acquiring an additional 1,956 shares during the last quarter. Comerica Bank acquired a new stake in abrdn National Municipal Income Fund during the third quarter worth approximately $31,000. US Bancorp DE acquired a new stake in abrdn National Municipal Income Fund during the first quarter worth approximately $54,000. Advisor Group Holdings Inc. boosted its position in abrdn National Municipal Income Fund by 76.6% during the first quarter. Advisor Group Holdings Inc. now owns 17,027 shares of the company’s stock worth $215,000 after acquiring an additional 7,388 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of abrdn National Municipal Income Fund in the 2nd quarter valued at $114,000.

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.