Blackrock New Jersey Municipal Income Tr Announces Monthly Dividend of $0.07 (BNJ)
Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Monday, October 16th will be given a dividend of 0.0696 per share by the investment management company on Wednesday, November 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date is Friday, October 13th.
Blackrock New Jersey Municipal Income Tr has decreased its dividend payment by an average of 1.9% annually over the last three years.
Shares of Blackrock New Jersey Municipal Income Tr (BNJ) traded up 0.09% during mid-day trading on Tuesday, reaching $15.31. The company had a trading volume of 5,246 shares. Blackrock New Jersey Municipal Income Tr has a one year low of $14.12 and a one year high of $16.29. The firm has a 50 day moving average of $15.58 and a 200-day moving average of $15.35.
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About Blackrock New Jersey Municipal Income Tr
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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