Blackrock Municipal Income Trust (BFK) Announces $0.07 Monthly Dividend
Blackrock Municipal Income Trust (NYSE:BFK) declared a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Shareholders of record on Friday, July 14th will be paid a dividend of 0.065 per share by the investment management company on Tuesday, August 1st. This represents a $0.78 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Wednesday, July 12th.
Blackrock Municipal Income Trust has decreased its dividend payment by an average of 1.9% per year over the last three years.
Shares of Blackrock Municipal Income Trust (NYSE BFK) traded down 0.42% on Wednesday, reaching $14.17. The company’s stock had a trading volume of 85,060 shares. Blackrock Municipal Income Trust has a 52-week low of $13.42 and a 52-week high of $16.02. The firm has a 50 day moving average of $14.26 and a 200 day moving average of $14.09. The company’s market cap is $635.04 million.
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Blackrock Municipal Income Trust Company Profile
BlackRock Municipal Income Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes.
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