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

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

Invesco Bond Fund has increased its dividend by an average of 2.5% annually over the last three years.

Invesco Bond Fund Stock Down 0.2 %

Shares of NYSE VBF opened at $15.30 on Friday. Invesco Bond Fund has a 12-month low of $13.68 and a 12-month high of $16.27. The firm’s 50-day moving average is $15.66 and its two-hundred day moving average is $15.24.

Hedge Funds Weigh In On Invesco Bond Fund

A number of institutional investors have recently modified their holdings of VBF. Ameriprise Financial Inc. raised its position in shares of Invesco Bond Fund by 221.7% in the third quarter. Ameriprise Financial Inc. now owns 162,769 shares of the financial services provider’s stock valued at $2,355,000 after buying an additional 112,171 shares during the last quarter. Citigroup Inc. raised its position in shares of Invesco Bond Fund by 1,015.3% in the second quarter. Citigroup Inc. now owns 36,002 shares of the financial services provider’s stock valued at $536,000 after buying an additional 32,774 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Invesco Bond Fund by 8.9% in the second quarter. Wells Fargo & Company MN now owns 275,074 shares of the financial services provider’s stock valued at $4,475,000 after buying an additional 22,415 shares during the last quarter. Invesco Ltd. raised its position in shares of Invesco Bond Fund by 15.6% in the third quarter. Invesco Ltd. now owns 135,431 shares of the financial services provider’s stock valued at $1,960,000 after buying an additional 18,247 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Invesco Bond Fund in the first quarter valued at approximately $198,000. Institutional investors and hedge funds own 43.73% of the company’s stock.

About Invesco Bond Fund

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.