Delaware Investments National Municipal Income Fund said on June 7, 2023 that its board of directors declared a regular monthly dividend of $0.03 per share ($0.39 annualized). Previously, the company paid $0.04 per share.
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Shares must be purchased before the ex-div date of June 22, 2023 to qualify for the dividend. Shareholders of record as of June 23, 2023 will receive the payment on June 30, 2023.
At the current share price of $9.99 / share, the stock’s dividend yield is 3.90%.
Looking back five years and taking a sample every week, the average dividend yield has been 4.46%, the lowest has been 3.66%, and the highest has been 6.14%. The standard deviation of yields is 0.60 (n=195).
The current dividend yield is 0.92 standard deviations below the historical average.
The company’s 3-Year dividend growth rate is 0.06%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 51 funds or institutions reporting positions in Delaware Investments National Municipal Income Fund. This is an increase of 1 owner(s) or 2.00% in the last quarter. Average portfolio weight of all funds dedicated to VFL is 0.23%, a decrease of 30.35%. Total shares owned by institutions decreased in the last three months by 1.82% to 2,469K shares.
What are Other Shareholders Doing?
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VFL / Delaware Investments National Municipal Income Fund Shares Held by Institutions
CEFS – Saba Closed-End Funds ETF holds 625K shares. No change in the last quarter.
Mackay Shields holds 423K shares. No change in the last quarter.
Voya Prime Rate Trust holds 186K shares. No change in the last quarter.
Wells Fargo holds 158K shares. In it’s prior filing, the firm reported owning 165K shares, representing a decrease of 4.77%. The firm decreased its portfolio allocation in VFL by 68.42% over the last quarter.
Guggenheim Capital holds 128K shares.
Delaware Investments National Municipal Income Fund Background Information
(This description is provided by the company.)
The Fund seeks to provide current income exempt from regular federal income tax, consistent with the preservation of capital.
This story originally appeared on Fintel.