BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) Declares Monthly Dividend of $0.06
BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) announced a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Shareholders of record on Friday, June 14th will be paid a dividend of 0.057 per share on Monday, July 1st. This represents a $0.68 annualized dividend and a yield of 4.60%. The ex-dividend date is Thursday, June 13th.
BlackRock Inv. Quality Munic. Trust has decreased its dividend by an average of 6.3% annually over the last three years.
BKN stock traded up $0.03 during mid-day trading on Wednesday, hitting $14.86. 387 shares of the company were exchanged, compared to its average volume of 48,472. BlackRock Inv. Quality Munic. Trust has a 1-year low of $12.72 and a 1-year high of $14.95.
BlackRock Investment Quality Municipal Trust Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.
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