Blackrock Municipal Income Trust (NYSE:BFK) announced a special dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Tuesday, December 12th will be paid a dividend of 0.0006 per share by the investment management company on Friday, December 29th. This represents a dividend yield of 5.56%. The ex-dividend date is Monday, December 11th.
Blackrock Municipal Income Trust has decreased its dividend payment by an average of 1.9% per year over the last three years.
Shares of Blackrock Municipal Income Trust (BFK) traded down $0.02 during mid-day trading on Monday, hitting $14.04. The company’s stock had a trading volume of 79,382 shares, compared to its average volume of 78,396. Blackrock Municipal Income Trust has a 52-week low of $13.42 and a 52-week high of $14.72.
About Blackrock Municipal Income Trust
BlackRock Municipal Income Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes.
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