Blackrock Muni Intermediate Drtn Fnd Inc (MUI) to Issue $0.05 Monthly Dividend
Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.0495 per share on Friday, December 1st. This represents a $0.59 annualized dividend and a yield of 4.24%. The ex-dividend date is Tuesday, November 14th.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend by an average of 2.5% annually over the last three years.
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About Blackrock Muni Intermediate Drtn Fnd
BlackRock Muni Intermediate Duration Fund, Inc (the Fund) is a closed-end management investment company. The Fund’s investment objective is to provide common shareholders with high current income exempt from federal income taxes. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
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