Blackrock Strategic Municipal Trust Fund Declares Monthly Dividend of $0.07 (NYSE:BSD)
Blackrock Strategic Municipal Trust Fund (NYSE:BSD) declared a monthly dividend on Monday, July 3rd, NASDAQ reports. Investors of record on Friday, July 14th will be paid a dividend of 0.065 per share by the financial services provider on Tuesday, August 1st. This represents a $0.78 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Wednesday, July 12th.
Blackrock Strategic Municipal Trust Fund has decreased its dividend payment by an average of 3.0% per year over the last three years.
Shares of Blackrock Strategic Municipal Trust Fund (NYSE BSD) traded up 0.29% on Friday, hitting $13.78. 7,702 shares of the company traded hands. Blackrock Strategic Municipal Trust Fund has a 1-year low of $13.03 and a 1-year high of $15.85. The firm’s 50 day moving average price is $13.81 and its 200-day moving average price is $13.62.
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About Blackrock Strategic Municipal Trust Fund
Blackrock Strategic Municipal Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income that is exempt from regular federal income tax and to invest in municipal bonds that over time will perform better than the broader municipal bond market.
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