Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.0495 per share on Thursday, March 1st. This represents a $0.59 annualized dividend and a yield of 4.44%. The ex-dividend date is Wednesday, February 14th.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend payment by an average of 14.0% annually over the last three years.
Shares of Blackrock Muni Intermediate Drtn Fnd (NYSE:MUI) traded down $0.06 during mid-day trading on Monday, reaching $13.37. The company had a trading volume of 182,739 shares, compared to its average volume of 141,922. Blackrock Muni Intermediate Drtn Fnd has a twelve month low of $13.30 and a twelve month 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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