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Invesco California Value Municipal Income Trust (VCV)

Financial Services | Asset Management | Atlanta, United States | NYSE
8.99 USD +0.12 (1.353%) ⇧ (Oct. 13, 2026, 4 p.m. EDT)
Short-term:★⯪☆☆☆Long-term:★⯪☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | Oct. 10, 2026, 1:43 a.m. EDT

The trust is currently trapped in a severe structural decline, having lost over 22% of its value since 2016, with the most recent annual performance showing a flat-to-negative trend after a massive 33% crash in 2022. While the business shows signs of recovery with a 27% gain in 2024, the asset remains priced significantly below its book value of $10.53, suggesting the market still views the underlying municipal income strategy as impaired. The recent price action confirms this bearish sentiment, with the share price trading well below both its 50-day and 200-day moving averages, indicating persistent selling pressure. Although the trust offers an attractive 8.8% yield, this payout is barely covering costs with a payout ratio near 300%, meaning the distribution is largely funded by capital erosion rather than sustainable earnings growth. For investors seeking capital appreciation, the long-term trajectory is too steep to ignore, and for income seekers, the lack of earnings growth makes the yield unsustainable in the face of potential rate changes or asset liquidation.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.038451
AutoETS0.038452
AutoARIMA0.038481
MSTL0.038540

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 50%
H-stat 55.53
Ljung-Box p 0.000
Jarque-Bera p 0.008
Excess Kurtosis 0.15
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-10-13
Last Dividend Date 2026-09-13
Debt to Equity Ratio 61.872
Revenue per Share 0.777
Market Cap 441,542,048
Trailing P/E 34.58
Beta 0.78
Profit Margins 32.82%
Website https://www.invesco.com/portal/site/us/investors/closed-end/product-detail?productId=30459

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.66% 7.25% 6.55% 5.78%
Dividend History
Date Dividend Yield %
2026-09-14 0.065 0.658561
2026-08-17 0.065 0.613208
2026-07-14 0.065 0.597976
2026-06-15 0.065 0.613208
2026-05-14 0.065 0.608614
2026-04-14 0.065 0.611477
2026-03-16 0.065 0.601295
2026-02-17 0.065 0.577778
2026-01-15 0.065 0.577265
2025-12-16 0.065 0.607477
2025-11-17 0.065 0.577265
2025-10-16 0.065 0.604089
2025-09-16 0.065 0.614948
2025-08-18 0.065 0.639135
2025-07-16 0.065 0.626204
2025-06-17 0.065 0.637255
2025-05-16 0.065 0.608614
2025-04-16 0.065 0.663943
2025-03-17 0.065 0.609756
2025-02-18 0.065 0.586643
2025-01-17 0.065 0.601295
2024-12-17 0.065 0.618459
2024-11-15 0.065 0.633528
2024-10-16 0.065 0.608045
2024-09-17 0.065 0.588235
2024-08-16 0.065 0.605778
2024-07-16 0.065 0.607477
2024-06-18 0.065 0.627413
2024-05-15 0.037 0.377551
2024-04-15 0.037 0.387029
2024-03-14 0.037 0.377937
2024-02-15 0.037 0.378323
2024-01-16 0.032 0.329897
2023-12-14 0.032 0.329557
2023-11-14 0.032 0.358343
2023-10-13 0.032 0.376914
2023-09-14 0.032 0.356347
2023-08-14 0.034 0.356768
2023-07-14 0.034 0.356021
2023-06-14 0.034 0.357143
2023-05-12 0.035 0.364204
2023-04-14 0.035 0.342466
2023-03-14 0.036 0.371517
2023-02-14 0.036 0.358209
2023-01-13 0.036 0.362538
2022-12-14 0.036 0.364372
2022-11-14 0.036 0.405405
2022-10-14 0.042 0.465116
2022-09-14 0.042 0.433437
2022-08-12 0.042 0.385675
2022-07-14 0.042 0.387812
2022-06-14 0.046 0.462777
2022-05-13 0.046 0.453202
2022-04-14 0.046 0.436847
2022-03-14 0.046 0.413669
2022-02-14 0.046 0.397237
2022-01-14 0.046 0.350076
2021-12-13 0.046 0.340993
2021-11-12 0.048 0.334029
2021-10-13 0.048 0.358209
2021-09-13 0.048 0.341637
2021-08-13 0.048 0.339703
2021-07-13 0.048 0.342612
2021-06-11 0.048 0.348331
2021-05-14 0.048 0.360360
2021-04-13 0.048 0.367816
2021-03-12 0.048 0.377358
2021-02-11 0.048 0.356877
2021-01-14 0.048 0.370085
2020-12-14 0.048 0.372671
2020-11-12 0.048 0.389927
2020-10-14 0.048 0.382470
2020-09-14 0.048 0.386785
2020-08-13 0.048 0.380048
2020-07-14 0.043 0.361041
2020-06-15 0.043 0.367836
2020-05-14 0.043 0.380868
2020-04-14 0.043 0.376203
2020-03-16 0.043 0.390909
2020-02-13 0.043 0.327744
2020-01-14 0.043 0.332817
2019-12-12 0.043 0.343176
2019-11-12 0.043 0.344275
2019-10-15 0.043 0.344551
2019-09-17 0.048 0.379747
2019-08-13 0.048 0.365854
2019-07-16 0.048 0.371230
2019-06-13 0.048 0.383387
2019-05-14 0.048 0.386785
2019-04-11 0.048 0.390244
2019-03-12 0.048 0.393765
2019-02-12 0.051 0.421836
2019-01-15 0.051 0.438898
2018-12-13 0.051 0.452128
2018-11-09 0.051 0.453737
2018-10-15 0.051 0.449339
2018-09-13 0.051 0.420792
2018-08-13 0.051 0.426778
2018-07-16 0.051 0.431837
2018-06-12 0.051 0.434783
2018-05-14 0.051 0.435154
2018-04-16 0.051 0.435154
2018-03-14 0.051 0.431837
2018-02-14 0.054 0.450751
2018-01-23 0.054 0.435133
2017-12-12 0.054 0.424528
2017-11-14 0.054 0.417957
2017-10-12 0.054 0.411899
2017-09-12 0.054 0.412844
2017-08-09 0.054 0.418929
2017-07-12 0.054 0.425532
2017-06-12 0.054 0.426540
2017-05-10 0.054 0.433039
2017-04-11 0.054 0.433735
2017-03-13 0.054 0.448505
2017-02-13 0.054 0.435484
2017-01-17 0.054 0.437247
2016-12-12 0.054 0.453401
2016-11-09 0.054 0.421546
2016-10-12 0.054 0.403286
2016-09-12 0.054 0.392157
2016-08-10 0.057 0.403969
2016-07-11 0.057 0.386703
2016-06-09 0.063 0.450000
2016-05-11 0.063 0.442727
2016-04-11 0.063 0.455202
2016-03-10 0.063 0.458849
2016-02-10 0.066 0.483871
2016-01-13 0.066 0.501139
2015-12-09 0.066 0.517647
2015-11-12 0.066 0.520505
2015-10-13 0.066 0.518868
2015-09-10 0.066 0.528846
2015-08-11 0.066 0.525896
2015-07-09 0.066 0.535714
2015-06-09 0.066 0.531401
2015-05-11 0.066 0.511232
2015-04-09 0.066 0.495496
2015-03-11 0.066 0.503433
2015-02-11 0.066 0.504202
2015-01-12 0.066 0.503817
2014-12-12 0.066 0.524642
2014-11-12 0.066 0.525478
2014-10-14 0.066 0.540984
2014-09-11 0.066 0.531401
2014-08-07 0.066 0.544554
2014-07-10 0.066 0.540984
2014-06-11 0.066 0.533118
2014-05-08 0.066 0.540984
2014-04-10 0.066 0.558848
2014-03-12 0.066 0.556962
2014-02-12 0.066 0.560748
2014-01-13 0.066 0.571429
2013-12-10 0.066 0.617399
2013-11-06 0.066 0.579456
2013-10-09 0.066 0.600000
2013-09-11 0.066 0.619718
2013-08-08 0.066 0.611111
2013-07-09 0.066 0.575414
2013-06-11 0.066 0.540098
2013-05-09 0.066 0.500000
2013-04-09 0.066 0.498866
2013-03-07 0.066 0.478955
2013-02-07 0.066 0.475504
2013-01-10 0.066 0.473118
2012-12-12 0.066 0.469417
2012-11-13 0.066 0.472779
2012-10-10 0.066 0.484226
2012-09-14 0.076 0.551524
2012-08-13 0.076 0.535966
2012-07-12 0.076 0.534458
2012-06-13 0.076 0.553936
2012-05-11 0.076 0.529248
2012-04-11 0.076 0.571859
2012-03-12 0.076 0.537102
2012-02-13 0.076 0.534835
2012-01-12 0.076 0.574887
2011-12-13 0.076 0.599369
2011-11-14 0.076 0.602219
2011-10-12 0.076 0.616383
2011-09-13 0.076 0.626030
2011-08-11 0.076 0.637584
2011-07-13 0.076 0.634921
2011-06-13 0.076 0.655172
2011-05-11 0.076 0.671378
2011-04-13 0.076 0.687783
2011-03-11 0.076 0.689655
2011-02-11 0.076 0.685921
2011-01-12 0.076 0.678571
2010-12-13 0.076 0.686540
2010-11-10 0.076 0.608487
2010-10-13 0.076 0.565897
2010-09-13 0.076 0.565056
2010-08-11 0.076 0.580596
2010-07-13 0.076 0.582822
2010-06-11 0.076 0.601266
2010-05-12 0.152 1.193093
2010-04-13 0.076 0.615385
2010-03-11 0.076 0.629139
2010-02-10 0.076 0.622951
2010-01-13 0.076 0.637584
2009-12-11 0.076 0.620915
2009-11-10 0.076 0.622951
2009-10-13 0.076 0.608487
2009-09-11 0.076 0.583717
2009-08-12 0.076 0.647911
2009-07-13 0.073 0.663636
2009-06-11 0.073 0.687382
2009-05-13 0.073 0.679070
2009-04-13 0.073 0.726368
2009-03-11 0.073 0.741117
2009-02-11 0.073 0.664240
2009-01-13 0.073 0.760417
2008-12-11 0.073 1.114504
2008-11-12 0.073 0.768421
2008-10-10 0.073 0.934699
2008-09-11 0.073 0.523297
2008-08-13 0.073 0.506944
2008-07-11 0.073 0.508003
2008-06-11 0.070 0.465426
2008-05-13 0.070 0.472973
2008-04-11 0.070 0.496806
2008-03-12 0.070 0.513196
2008-02-13 0.070 0.451322
2008-01-11 0.070 0.440252
2007-12-12 0.070 0.464191
2007-11-13 0.068 0.461957
2007-10-11 0.068 0.440415
2007-09-12 0.068 0.437580
2007-08-13 0.068 0.442997
2007-07-11 0.068 0.422886
2007-06-13 0.068 0.432845
2007-05-11 0.068 0.405244
2007-04-11 0.068 0.419494
2007-03-13 0.068 0.418719
2007-02-13 0.068 0.422098
2007-01-11 0.068 0.426332
2006-12-13 0.125 0.805932
2006-11-13 0.065 0.410613
2006-10-11 0.065 0.420712
2006-09-13 0.065 0.420168
2006-08-11 0.065 0.426789
2006-07-12 0.065 0.433045
2006-06-13 0.069 0.462466
2006-05-11 0.069 0.461538
2006-04-11 0.074 0.477419
2006-03-13 0.074 0.483344
2006-02-13 0.074 0.476497
2006-01-11 0.074 0.479896
2005-12-13 0.074 0.507545
2005-11-10 0.080 0.541638
2005-10-12 0.080 0.534045
2005-08-11 0.074 0.481771
2005-07-13 0.074 0.475884
2005-06-13 0.074 0.486202
2005-05-11 0.081 0.525974
2005-04-13 0.081 0.546190
2005-03-11 0.081 0.540000
2005-02-11 0.081 0.531496
2005-01-12 0.081 0.539640
2004-12-13 0.060 0.406780
2004-11-10 0.081 0.537849
2004-10-13 0.081 0.522918
2004-09-13 0.081 0.527344
2004-08-11 0.081 0.538564
2004-07-13 0.081 0.554036
2004-06-14 0.081 0.561720
2004-05-12 0.089 0.625439
2004-04-13 0.088 0.555205
2004-03-11 0.088 0.514620
2004-02-11 0.088 0.516432
2004-01-13 0.088 0.519481
2003-12-11 0.178 1.064593
2003-11-12 0.093 0.555888
2003-10-10 0.093 0.554231
2003-09-11 0.093 0.560579
2003-08-13 0.093 0.582707
2003-07-11 0.093 0.550948
2003-06-11 0.093 0.546095
2003-05-13 0.093 0.574074
2003-04-11 0.093 0.582707
2003-03-12 0.093 0.573366
2003-02-12 0.093 0.581250
2003-01-13 0.093 0.584906
2002-12-11 0.168 1.066667
2002-11-13 0.088 0.539546
2002-10-10 0.088 0.523498
2002-09-11 0.088 0.526001
2002-08-13 0.085 0.512666
2002-07-11 0.085 0.529925
2002-06-12 0.085 0.534591
2002-05-13 0.081 0.512983
2002-04-11 0.081 0.525292
2002-03-13 0.081 0.514286
2002-02-13 0.081 0.504359
2002-01-11 0.078 0.495868
2001-12-12 0.078 0.497766
2001-11-13 0.078 0.477064
2001-10-11 0.078 0.484472
2001-08-13 0.078 0.481481
2001-07-11 0.038 0.245955
2001-06-13 0.078 0.509471
2001-05-11 0.074 0.501695
2001-04-10 0.074 0.497646
2001-03-13 0.074 0.478345
2001-02-13 0.074 0.469841
2001-01-10 0.070 0.451613
2000-12-13 0.070 0.495575
2000-11-13 0.070 0.484848
2000-10-11 0.070 0.489083
2000-09-13 0.070 0.472574
2000-08-11 0.070 0.478632
2000-07-12 0.070 0.484848
2000-06-13 0.070 0.504505
2000-05-11 0.070 0.525822
2000-04-12 0.070 0.495575
2000-03-13 0.070 0.513761
2000-02-11 0.070 0.516129
2000-01-12 0.070 0.511416
1999-12-13 0.070 0.513761
1999-11-10 0.070 0.511416
1999-10-13 0.070 0.482759
1999-09-13 0.070 0.474576
1999-08-11 0.068 0.464957
1999-07-13 0.068 0.457143
1999-06-11 0.068 0.461017
1999-05-12 0.068 0.442276
1999-04-13 0.068 0.423346
1999-03-11 0.068 0.421705
1999-02-10 0.068 0.428346
1999-01-13 0.068 0.425000
1998-12-11 0.068 0.413688
1998-11-10 0.068 0.421705
1998-10-13 0.068 0.425000
1998-09-11 0.068 0.435200
1998-08-12 0.068 0.438710
1998-07-13 0.068 0.438710
1998-06-11 0.068 0.442276
1998-05-13 0.068 0.455230
1998-04-13 0.068 0.444082
1998-03-11 0.068 0.428346
1998-02-11 0.068 0.438710
1998-01-13 0.068 0.426667
1997-12-11 0.220 1.504274
1997-11-12 0.065 0.454148
1997-10-10 0.065 0.448276
1997-09-11 0.065 0.456140
1997-08-13 0.065 0.456140
1997-07-11 0.065 0.472727
1997-06-11 0.065 0.490566
1997-05-13 0.065 0.504854
1997-04-11 0.065 0.509804
1997-03-12 0.065 0.490566
1997-02-12 0.065 0.490566
1997-01-13 0.065 0.495238
1996-12-11 0.065 0.509804
1996-11-13 0.060 0.480000
1996-10-10 0.060 0.484848
1996-09-11 0.060 0.494845
1996-08-13 0.060 0.494845
1996-07-11 0.060 0.510638
1996-06-12 0.060 0.510638
1996-05-13 0.060 0.505263
1996-04-11 0.060 0.510638
1996-03-13 0.060 0.480000
1996-02-13 0.060 0.475248
1996-01-10 0.060 0.484848
1995-12-13 0.060 0.489796
1995-11-13 0.060 0.494845
1995-10-11 0.060 0.505263
1995-09-13 0.180 1.515789
1995-08-11 0.060 0.505263
1995-07-12 0.180 1.469388
1994-10-07 0.069 0.575000
1994-09-09 0.069 0.563265
1994-08-09 0.069 0.581053
1994-07-11 0.069 0.575000
1994-06-09 0.069 0.541176
1994-05-09 0.069 0.581053
1994-04-11 0.069 0.569072
1994-03-09 0.069 0.520755
1994-02-09 0.069 0.475862
1994-01-10 0.069 0.484211
1993-12-09 0.124 0.877876
1993-11-08 0.069 0.471795
1993-10-08 0.069 0.467797
1993-09-09 0.069 0.467797
1993-08-09 0.069 0.484211
1993-07-09 0.069 0.475862
Additional Data
dividendYield 8.62
exDividendDate 2026-10-14
trailingAnnualDividendRate 0.775
trailingAnnualDividendYield 0.08737317
lastDividendValue 0.065
lastDividendDate 2026-09-14
dividendDate 2019-02-28

Info Dump

Attribute Value
52 Week Change -0.17565054
Address1 1,331 Spring Street, North West
Address2 Suite 2500
All Time High 17.35
All Time Low 6.12
Ask 0.0
Ask Size 500
Average Daily Volume10 Day 408,830
Average Daily Volume3 Month 178,093
Average Volume 178,093
Average Volume10Days 408,830
Beta 0.781
Bid 0.0
Bid Size 500
Book Value 10.527
City Atlanta
Compensation As Of Epoch Date 1,325,289,600
Country United States
Crypto Tradeable 0
Currency USD
Current Price 8.99
Current Ratio 1.917
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 9.04
Day Low 8.85
Debt To Equity 61.872
Display Name Invesco California Val Muni
Dividend Date 1,551,312,000
Dividend Yield 8.62
Earnings Growth 13.296
Earnings Quarterly Growth 13.481
Earnings Timestamp End 1,746,216,000
Earnings Timestamp Start 1,746,216,000
Ebitda Margins 0.0
Eps Trailing Twelve Months 0.26
Esg Populated 0
Ex Dividend Date 1,791,936,000
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 9.9392
Fifty Day Average Change -0.94920063
Fifty Day Average Change Percent -0.0955007
Fifty Two Week Change Percent -17.565054
Fifty Two Week High 11.38
Fifty Two Week High Change -2.3900003
Fifty Two Week High Change Percent -0.2100176
Fifty Two Week Low 8.7
Fifty Two Week Low Change 0.28999996
Fifty Two Week Low Change Percent 0.03333333
Fifty Two Week Range 8.7 - 11.38
Financial Currency USD
First Trade Date Milliseconds 739,719,000,000
Five Year Avg Dividend Yield 5.43
Free Cashflow 12,944,337
Full Exchange Name NYSE
Fullday Change 0.069999695
Fullday Change Percent 0.78917354
Fullday Price 8.94
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 37,706,160
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.17791
Implied Shares Outstanding 49,114,802
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,789,344,000
Last Dividend Value 0.065
Last Fiscal Year End 1,772,236,800
Long Business Summary Invesco California Value Municipal Income Trust is a closed-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 Canada Ltd., Invesco Hong Kong Limited, and Invesco Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade California municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen California Value Municipal Income Trust. Invesco California Value Municipal Income Trust was formed on April 30, 1993 and is domiciled in the United States.
Long Name Invesco California Value Municipal Income Trust
Market us_market
Market Cap 441,542,048
Market State PRE
Max Age 86,400
Message Board Id finmb_6180621
Most Recent Quarter 1,772,236,800
Net Income To Common 12,374,728
Next Fiscal Year End 1,803,772,800
Non Diluted Market Cap 459,223,398
Open 8.9
Operating Cashflow 30,113,744
Operating Margins 0.87008005
Payout Ratio 3.0159
Phone 404 892 0896
Pre Market Change 0.0145998
Pre Market Change Percent 0.16357587
Pre Market Price 8.94
Pre Market Time 1,791,965,564
Previous Close 8.87
Price Hint 2
Price To Book 0.8539944
Price To Sales Trailing12 Months 11.710077
Profit Margins 0.32819
Quick Ratio 1.911
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.12
Regular Market Change Percent 1.35287
Regular Market Day High 9.04
Regular Market Day Low 8.85
Regular Market Day Range 8.85 - 9.04
Regular Market Open 8.9
Regular Market Previous Close 8.87
Regular Market Price 8.99
Regular Market Time 1,791,921,602
Regular Market Volume 492,320
Return On Assets 0.024400001
Return On Equity 0.023810001
Revenue Growth -0.033
Revenue Per Share 0.777
Sand P52 Week Change 0.17502642
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 49,114,802
Shares Percent Shares Out 0.0032
Shares Short 155,425
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 228,765
Short Name Invesco California Value Munici
Short Percent Of Float 0.0032
Short Ratio 0.65
Source Interval 15
State GA
Symbol VCV
Total Debt 315,962,336
Total Revenue 37,706,160
Tradeable 0
Trailing Annual Dividend Rate 0.775
Trailing Annual Dividend Yield 0.08737317
Trailing Eps 0.26
Trailing P E 34.576923
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.5967
Two Hundred Day Average Change -1.6067
Two Hundred Day Average Change Percent -0.15162267
Type Disp Equity
Volume 492,320
Website https://www.invesco.com/portal/site/us/investors/closed-end/product-detail?productId=30459
Zip 30,309