Blackrock Strategic Municipal Trust Fund Declares Monthly Dividend of $0.07 (BSD)
Blackrock Strategic Municipal Trust Fund (NYSE:BSD) 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 financial services provider on Wednesday, November 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Friday, October 13th.
Blackrock Strategic Municipal Trust Fund has decreased its dividend payment by an average of 3.0% annually over the last three years.
Shares of Blackrock Strategic Municipal Trust Fund (NYSE:BSD) traded down 0.35% during trading on Tuesday, hitting $14.33. 9,377 shares of the stock traded hands. Blackrock Strategic Municipal Trust Fund has a one year low of $13.03 and a one year high of $15.61. The firm has a 50 day moving average price of $14.70 and a 200-day moving average price of $14.06.
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Blackrock Strategic Municipal Trust Fund Company Profile
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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