Blackrock Municipal Income Trust (BFK) to Issue Monthly Dividend of $0.07 on November 1st
Blackrock Municipal Income Trust (NYSE:BFK) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Monday, October 16th will be paid a dividend of 0.065 per share by the investment management company on Wednesday, November 1st. This represents a $0.78 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date is Friday, October 13th.
Blackrock Municipal Income Trust has decreased its dividend payment by an average of 1.9% annually over the last three years.
Shares of Blackrock Municipal Income Trust (NYSE:BFK) opened at 14.25 on Friday. Blackrock Municipal Income Trust has a 12 month low of $13.42 and a 12 month high of $15.71. The company’s 50-day moving average price is $14.42 and its 200-day moving average price is $14.26.
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Blackrock Municipal Income Trust Company Profile
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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