BlackRock Insured Municipal Income Inves (NYSE:BAF) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Tuesday, January 16th will be paid a dividend of 0.0685 per share on Thursday, February 1st. This represents a $0.82 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Friday, January 12th.
BlackRock Insured Municipal Income Inves has decreased its dividend payment by an average of 5.9% annually over the last three years.
Shares of BlackRock Insured Municipal Income Inves (BAF) traded up $0.12 during midday trading on Wednesday, hitting $14.94. The company had a trading volume of 28,946 shares, compared to its average volume of 29,723. BlackRock Insured Municipal Income Inves has a 52-week low of $14.09 and a 52-week high of $15.58.
About BlackRock Insured Municipal Income Inves
BlackRock Municipal Income Investment Quality Trust is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from federal income tax, including the alternative minimum tax and Florida intangible property tax. It seeks to achieve its investment objective by investing at least 80% of its managed assets in municipal bonds exempt from federal income taxes, including the alternative minimum tax.
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