Blackrock New Jersey Municipal Income Tr Announces Monthly Dividend of $0.07 (BNJ)
Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) declared a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Investors of record on Friday, July 14th will be paid a dividend of 0.0696 per share by the investment management company on Tuesday, August 1st. This represents a $0.84 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend is Wednesday, July 12th.
Blackrock New Jersey Municipal Income Tr has decreased its dividend payment by an average of 1.9% per year over the last three years.
Shares of Blackrock New Jersey Municipal Income Tr (BNJ) remained flat at $15.38 during trading on Wednesday. The company’s stock had a trading volume of 19,379 shares. Blackrock New Jersey Municipal Income Tr has a one year low of $14.12 and a one year high of $16.98. The firm’s market capitalization is $117.95 million. The stock’s 50-day moving average is $15.20 and its 200 day moving average is $14.84.
Blackrock New Jersey Municipal Income Tr Company Profile
BlackRock New Jersey Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New Jersey gross income tax. 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 New Jersey gross income taxes.
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