Blackrock Strategic Municipal Trust Fund (NYSE:BSD) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.065 per share by the financial services provider on Thursday, March 1st. This represents a $0.78 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend is Wednesday, February 14th.
Blackrock Strategic Municipal Trust Fund has decreased its dividend by an average of 9.9% per year over the last three years.
Shares of Blackrock Strategic Municipal Trust Fund (BSD) traded up $0.10 during mid-day trading on Monday, hitting $13.19. The company’s stock had a trading volume of 43,092 shares, compared to its average volume of 21,387. Blackrock Strategic Municipal Trust Fund has a one year low of $13.03 and a one year high of $15.61.
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Blackrock Strategic Municipal Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income that is exempt from regular federal income tax and to invest in municipal bonds that over time will perform better than the broader municipal bond market.
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