Blackrock Municipal Income Trust Announces Monthly Dividend of $0.07 (BFK)
Blackrock Municipal Income Trust (NYSE:BFK) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 16th will be paid a dividend of 0.065 per share by the investment management company on Wednesday, November 1st. This represents a $0.78 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Friday, October 13th.
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 0.28% on Tuesday, reaching $14.22. The company had a trading volume of 113,528 shares. Blackrock Municipal Income Trust has a one year low of $13.42 and a one year high of $15.75. The company has a 50-day moving average price of $14.43 and a 200-day moving average price of $14.25.
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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