Invesco Bond Fund (NYSE:vbf) declared a monthly dividend on Monday, October 3rd. Stockholders of record on Friday, October 14th will be paid a dividend of 0.069 per share on Monday, October 31st. This represents a $0.83 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Wednesday, October 12th.
Invesco Bond Fund (NYSE:VBF) opened at 19.31 on Tuesday. The stock’s 50 day moving average price is $19.31 and its 200 day moving average price is $18.96. Invesco Bond Fund has a one year low of $17.46 and a one year high of $19.54.
Several hedge funds and other institutional investors have recently bought and sold shares of VBF. Landscape Capital Management L.L.C. bought a new position in Invesco Bond Fund during the second quarter valued at approximately $536,000. Laurion Capital Management LP bought a new position in Invesco Bond Fund during the second quarter valued at approximately $475,000. Raymond James & Associates increased its position 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 during the period. Finally, Citigroup Inc. bought a new position in Invesco Bond Fund during the second quarter valued at approximately $187,000.
Several equities research analysts recently commented on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $36.00 price objective (up from $35.00) on shares of Invesco Bond Fund in a research report on Wednesday, October 5th. Barclays PLC reaffirmed an “overweight” rating and set a $35.00 price objective (down from $37.00) on shares of Invesco Bond Fund in a research report on Thursday, July 7th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $27.00 price objective (down from $38.00) on shares of Invesco Bond Fund in a research report on Monday, June 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.38.
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).
Receive News & Ratings for Invesco Bond Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Bond Fund and related companies with MarketBeat.com's FREE daily email newsletter.