Blackrock Municipal Income Trust (NYSE:BFK) 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 0.065 per share by the investment management company on Thursday, March 1st. This represents a $0.78 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Wednesday, February 14th.
Blackrock Municipal Income Trust has decreased its dividend by an average of 10.0% per year over the last three years.
Shares of Blackrock Municipal Income Trust (BFK) traded down $0.09 during trading hours on Monday, reaching $13.24. 185,275 shares of the company traded hands, compared to its average volume of 138,357. Blackrock Municipal Income Trust has a fifty-two week low of $13.15 and a fifty-two week high of $14.72.
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BlackRock Municipal Income Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes.
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