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Invesco California Municipal Incme Trust (NYSE:VCV) Director Rodney F. Dammeyer acquired 20,400 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $12.22 per share, with a total value of $249,288.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on VCV shares. Analysts at Deutsche Bank upgraded shares of Invesco California Municipal Incme Trust to a “buy” rating in a research note on Friday, August 1st. Analysts at JPMorgan Chase & Co. upgraded shares of Invesco California Municipal Incme Trust to an “overweight” rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $38.86.

Shares of Invesco California Municipal Incme Trust (NYSE:VCV) traded down 0.24% on Friday, hitting $12.23. 90,399 shares of the company’s stock traded hands. Invesco California Municipal Incme Trust has a 1-year low of $10.63 and a 1-year high of $12.58. The stock has a 50-day moving average of $12.21 and a 200-day moving average of $12.06.

The company also recently declared a monthly dividend, which is scheduled for Friday, August 29th. Investors of record on Monday, August 11th will be given a dividend of $0.066 per share. This represents a $0.79 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Thursday, August 7th.

Invesco California Municipal Income Trust (NYSE:VCV), formerly Invesco California Insured Municipal Income Trust, is a diversified, closed-end management investment company.

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