BlackRock MuniEnhanced Fund, Inc. (NYSE:MEN) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.048 per share by the closed-end fund on Thursday, March 1st. This represents a $0.58 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Wednesday, February 14th.
BlackRock MuniEnhanced Fund has decreased its dividend by an average of 8.5% per year over the last three years.
Shares of BlackRock MuniEnhanced Fund (NYSE MEN) traded down $0.07 during trading hours on Monday, hitting $10.67. 114,563 shares of the stock traded hands, compared to its average volume of 94,236. BlackRock MuniEnhanced Fund has a 52-week low of $10.61 and a 52-week high of $12.45.
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BlackRock MuniEnhanced Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and investment management.
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