Blackrock Muni Intermediate Drtn Fnd Inc to Issue Monthly Dividend of $0.05 (MUI)
Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, January 16th will be paid a dividend of 0.0495 per share on Thursday, February 1st. This represents a $0.59 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, January 12th.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend by an average of 14.0% annually over the last three years.
Shares of Blackrock Muni Intermediate Drtn Fnd (NYSE MUI) traded up $0.13 during trading on Wednesday, hitting $14.02. 75,835 shares of the stock traded hands, compared to its average volume of 75,250. Blackrock Muni Intermediate Drtn Fnd has a 1-year low of $13.45 and a 1-year high of $14.41.
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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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