abrdn National Municipal Income Fund (VFL) to Issue Monthly Dividend of $0.05 on April 30th

abrdn National Municipal Income Fund (NYSE:VFL) declared a monthly dividend on Wednesday, March 13th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.045 per share on Tuesday, April 30th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Monday, April 22nd. This is a boost from abrdn National Municipal Income Fund’s previous monthly dividend of $0.04.

abrdn National Municipal Income Fund Stock Up 0.3 %

VFL stock opened at $9.92 on Friday. abrdn National Municipal Income Fund has a 52 week low of $7.93 and a 52 week high of $10.48. The firm’s fifty day moving average is $10.22 and its 200 day moving average is $9.71.

Hedge Funds Weigh In On abrdn National Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP grew its holdings in shares of abrdn National Municipal Income Fund by 15.5% during the 1st quarter. Susquehanna International Group LLP now owns 14,537 shares of the company’s stock valued at $155,000 after purchasing an additional 1,956 shares during the last quarter. Comerica Bank bought a new stake in abrdn National Municipal Income Fund in the 3rd quarter worth $31,000. US Bancorp DE bought a new stake in abrdn National Municipal Income Fund in the 1st quarter worth $54,000. Advisor Group Holdings Inc. grew its holdings in abrdn National Municipal Income Fund by 76.6% in the 1st 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 bought a new stake in abrdn National Municipal Income Fund in the 2nd quarter worth $114,000.

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.