BlackRock Insured Municipal Income Trust (NYSE:BYM) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.06 per share on Thursday, March 1st. This represents a $0.72 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Wednesday, February 14th.
BlackRock Insured Municipal Income Trust has decreased its dividend payment by an average of 10.9% annually over the last three years.
Shares of BlackRock Insured Municipal Income Trust (NYSE:BYM) traded down $0.07 during trading hours on Monday, reaching $13.32. 137,629 shares of the company traded hands, compared to its average volume of 85,635. BlackRock Insured Municipal Income Trust has a 12 month low of $13.25 and a 12 month high of $15.24.
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BlackRock Municipal Income Quality Trust is a diversified perpetual closed-end management investment company. The Trust’s investment objective is to provide current income exempt from federal income taxes, including the alternative minimum tax. The Trust 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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