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Delaware Investments National Municipal Income Fund (NYSE:VFL) Announces Monthly Dividend of $0.05

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Delaware Investments National Municipal Income Fund (NYSE:VFLGet Rating) announced a monthly dividend on Friday, May 6th, Wall Street Journal reports. Stockholders of record on Friday, May 20th will be given a dividend of 0.045 per share on Friday, May 27th. This represents a $0.54 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Thursday, May 19th.

NYSE:VFL opened at $11.64 on Friday. Delaware Investments National Municipal Income Fund has a twelve month low of $11.30 and a twelve month high of $14.50. The stock has a fifty day simple moving average of $12.38 and a 200-day simple moving average of $13.26.

In other news, major shareholder Saba Capital Management, L.P. acquired 78,372 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The stock was purchased at an average cost of $11.62 per share, for a total transaction of $910,682.64. Following the completion of the acquisition, the insider now directly owns 2,911,628 shares of the company’s stock, valued at approximately $33,833,117.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have bought 551,643 shares of company stock valued at $6,850,888. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in VFL. Advisor Group Holdings Inc. grew its stake in Delaware Investments National Municipal Income Fund by 76.6% in the first quarter. Advisor Group Holdings Inc. now owns 17,027 shares of the company’s stock valued at $215,000 after purchasing an additional 7,388 shares during the last quarter. UBS Group AG grew its stake in shares of Delaware Investments National Municipal Income Fund by 16.6% during the third quarter. UBS Group AG now owns 50,298 shares of the company’s stock worth $710,000 after acquiring an additional 7,168 shares during the last quarter. Wells Fargo & Company MN boosted its position in Delaware Investments National Municipal Income Fund by 0.9% in the fourth quarter. Wells Fargo & Company MN now owns 124,846 shares of the company’s stock valued at $1,763,000 after buying an additional 1,171 shares during the last quarter. Finally, Morgan Stanley boosted its position in Delaware Investments National Municipal Income Fund by 18.7% in the second quarter. Morgan Stanley now owns 127,494 shares of the company’s stock valued at $1,802,000 after buying an additional 20,130 shares during the last quarter. Hedge funds and other institutional investors own 24.71% of the company’s stock.

Delaware Investments National Municipal Income Fund Company Profile (Get Rating)

Delaware Investments National Municipal Income Fund is a closed-ended fixed income mutual fund launched by Delaware Management Holdings, Inc The fund is managed by Delaware Management Business Trust. 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.

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