Blackrock Muniassets Fund, Inc. Plans Monthly Dividend of $0.05 (MUA)
Blackrock Muniassets Fund, Inc. (NYSE:MUA) 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 0.0545 per share by the investment management company on Thursday, February 1st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Friday, January 12th.
Blackrock Muniassets Fund has decreased its dividend payment by an average of 2.2% annually over the last three years.
Shares of Blackrock Muniassets Fund (NYSE:MUA) traded up $0.06 during midday trading on Wednesday, hitting $15.01. The stock had a trading volume of 37,287 shares, compared to its average volume of 45,550. Blackrock Muniassets Fund has a one year low of $13.52 and a one year high of $15.84.
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BlackRock MuniAssets Fund, Inc is a non-diversified closed-end management investment company. The Fund’s investment objective is to provide high current income exempt from federal income taxes by investing primarily in a portfolio of medium- to lower-grade or unrated municipal obligations. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal bonds exempt from federal income taxes.
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