In a robust trading session, Delaware Investments National Municipal Income Fund's stock (VFL) soared to a 52-week high, reaching a notable price level of $10.97. This peak comes amidst a broader market upswing, reflecting a growing investor confidence in the municipal bond sector. Over the past year, VFL has witnessed a substantial growth, with the 1-year change data showcasing an impressive 12.58% increase. This rally underscores the fund's resilience and the heightened interest from investors seeking stable income streams through municipal bonds.
InvestingPro Insights
In light of Delaware Investments National Municipal Income Fund's (VFL) recent performance, a glance at the latest data from InvestingPro provides a deeper understanding of the fund's financial health. Over the last twelve months as of Q2 2024, VFL reported revenue of $12.72 million, with a significant gross profit margin of 100%, reflecting the fund's strong ability to manage its costs and maintain profitability. The fund's operating income, adjusted for the same period, stood at $6.85 million.
InvestingPro Tips reveal that VFL's stock typically exhibits low price volatility, which may appeal to investors looking for more stable investment options. Moreover, the fund has a longstanding history of dividend reliability, having maintained dividend payments for 32 consecutive years, which is particularly attractive for those seeking consistent income. The current dividend yield is 4.95%, with the last dividend ex-date recorded on July 24, 2024.
For investors considering VFL, it's worth noting that the fund has been profitable over the last twelve months and holds liquid assets that exceed its short-term obligations, indicating a solid financial position. While the valuation implies a poor free cash flow yield, the fund's strong dividend history and profitability could be key factors for investment decisions.
For those interested in further insights, there are additional InvestingPro Tips available at https://www.investing.com/pro/VFL, providing a comprehensive look at VFL's investment potential.
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