Blackrock Maryland Municipal to Issue Monthly Dividend of $0.05 (NYSEAMERICAN:BZM)
Blackrock Maryland Municipal (NYSEAMERICAN:BZM) declared a monthly dividend on Monday, June 3rd, NASDAQ reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.047 per share on Monday, July 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, June 13th.
Blackrock Maryland Municipal has increased its dividend by an average of 1.4% annually over the last three years.
Shares of NYSEAMERICAN:BZM traded up $0.08 during midday trading on Wednesday, reaching $14.43. The company’s stock had a trading volume of 500 shares, compared to its average volume of 3,293. Blackrock Maryland Municipal has a fifty-two week low of $12.44 and a fifty-two week high of $15.22.
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BlackRock Maryland Municipal Bond Trust is a non-diversified, closed-end municipal bond fund. The Trust’s investment objective is to provide current income exempt from regular federal income taxes and Maryland personal income taxes. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and Maryland personal income taxes.
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