Invesco Bond Fund Plans Monthly Dividend of $0.07 (NYSE:VBF)

Invesco Bond Fund (NYSE:VBF) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Tuesday, April 16th will be given a dividend of 0.065 per share by the financial services provider on Tuesday, April 30th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Monday, April 15th.

Invesco Bond Fund has raised its dividend by an average of 2.5% per year over the last three years.

Invesco Bond Fund Trading Down 0.2 %

NYSE VBF opened at $15.30 on Friday. The stock has a 50-day simple moving average of $15.66 and a two-hundred day simple moving average of $15.24. Invesco Bond Fund has a fifty-two week low of $13.68 and a fifty-two week high of $16.27.

Hedge Funds Weigh In On Invesco Bond Fund

Institutional investors have recently modified their holdings of the stock. Comerica Bank acquired a new stake in shares of Invesco Bond Fund during the 3rd quarter valued at about $28,000. Citigroup Inc. grew its position in shares of Invesco Bond Fund by 108.3% during the 1st quarter. Citigroup Inc. now owns 3,228 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,678 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Invesco Bond Fund during the 1st quarter valued at about $198,000. UBS Group AG grew its position in shares of Invesco Bond Fund by 26.6% during the 3rd quarter. UBS Group AG now owns 41,539 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 8,734 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Invesco Bond Fund by 35.1% during the 1st quarter. Ameriprise Financial Inc. now owns 48,400 shares of the financial services provider’s stock valued at $746,000 after acquiring an additional 12,586 shares during the period. Hedge funds and other institutional investors own 43.73% of the company’s stock.

Invesco Bond Fund Company Profile

Invesco Bond Fund is a close ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc, and Invesco Canada Ltd.