Blackrock Strategic Municipal Trust Fund (BSD) to Issue Monthly Dividend of $0.07
Blackrock Strategic Municipal Trust Fund (NYSE:BSD) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.065 per share by the financial services provider on Friday, December 1st. This represents a $0.78 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Tuesday, November 14th.
Blackrock Strategic Municipal Trust Fund has decreased its dividend by an average of 3.0% annually over the last three years.
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About Blackrock Strategic Municipal Trust Fund
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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