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

abrdn National Municipal Income Fund (NYSE:VFL) declared a monthly dividend on Monday, May 11th. Investors of record on Thursday, May 21st will be given a dividend of 0.05 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Thursday, May 21st.

abrdn National Municipal Income Fund Stock Performance

VFL opened at $10.23 on Wednesday. abrdn National Municipal Income Fund has a twelve month low of $9.38 and a twelve month high of $10.50. The company has a 50-day moving average price of $10.11 and a 200 day moving average price of $10.19.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new position in shares of abrdn National Municipal Income Fund during the 1st quarter worth about $36,000. Raymond James Financial Inc. acquired a new position in shares of abrdn National Municipal Income Fund during the 2nd quarter worth about $69,000. Financial Gravity Asset Management Inc. raised its position in shares of abrdn National Municipal Income Fund by 70.6% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 8,103 shares of the company’s stock worth $83,000 after purchasing an additional 3,353 shares during the last quarter. River Street Advisors LLC acquired a new stake in abrdn National Municipal Income Fund in the 4th quarter valued at about $122,000. Finally, Traub Capital Management LLC acquired a new stake in abrdn National Municipal Income Fund in the 4th quarter valued at about $125,000.

About abrdn National Municipal Income Fund

abrdn National Municipal Income Fund (NYSE: VFL) is a diversified, closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a portfolio of municipal securities, including general obligation bonds, revenue bonds and other debt obligations issued by state and local governments across the United States.

The fund’s investment strategy emphasizes a combination of bottom-up credit research and sector allocation to build a tax-exempt portfolio.