Invesco Bond Fund (vbf) Declares Dividend of $0.07
Invesco Bond Fund (NYSE:vbf) announced a dividend on Monday, October 3rd. Investors of record on Friday, October 14th will be given a dividend of 0.069 per share on Monday, October 31st. The ex-dividend date is Wednesday, October 12th.
Shares of Invesco Bond Fund (NYSE:VBF) opened at 19.36 on Tuesday. Invesco Bond Fund has a 52-week low of $17.46 and a 52-week high of $19.54. The company’s 50-day moving average is $19.32 and its 200 day moving average is $18.92.
Several large investors have recently added to or reduced their stakes in VBF. Raymond James & Associates raised its stake in Invesco Bond Fund by 11.8% in the second quarter. Raymond James & Associates now owns 18,982 shares of the company’s stock valued at $359,000 after buying an additional 2,000 shares in the last quarter. Citigroup Inc. acquired a new stake in Invesco Bond Fund during the second quarter valued at approximately $187,000. Laurion Capital Management LP acquired a new stake in Invesco Bond Fund during the second quarter valued at approximately $475,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Invesco Bond Fund during the second quarter valued at approximately $536,000.
Several equities analysts have issued reports on VBF shares. Citigroup Inc. reissued a “neutral” rating and issued a $27.00 price objective (down from $38.00) on shares of Invesco Bond Fund in a research note on Monday, June 27th. Barclays PLC reissued an “overweight” rating and issued a $35.00 price objective (down from $37.00) on shares of Invesco Bond Fund in a research note on Thursday, July 7th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $34.00 price objective (down from $35.00) on shares of Invesco Bond Fund in a research note on Friday, June 17th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.13.
About Invesco Bond Fund
Invesco Bond Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to seek interest income while conserving capital. The Fund invests primarily in fixed-rate the United States investment-grade corporate bonds with flexibility to integrate approximately 20% of its total assets in non-investment-grade, the United States dollar denominated and non-United States dollar denominated securities of foreign issuers (both developed and emerging markets).
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