Blackrock New Jersey Municipal Income Tr (BNJ) to Issue Monthly Dividend of $0.07
Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.0696 per share by the investment management company on Friday, December 1st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Tuesday, November 14th.
Blackrock New Jersey Municipal Income Tr has decreased its dividend payment by an average of 1.9% per year over the last three years.
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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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