BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.057 per share on Thursday, May 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Tuesday, April 15th.
BlackRock Investment Quality Municipal Trust has decreased its dividend payment by an average of 5.7% annually over the last three years.
BlackRock Investment Quality Municipal Trust Price Performance
BKN stock opened at $11.38 on Friday. The company’s 50-day moving average price is $11.54 and its two-hundred day moving average price is $11.90. BlackRock Investment Quality Municipal Trust has a 12 month low of $11.01 and a 12 month high of $13.16.
BlackRock Investment Quality Municipal Trust Company Profile
BlackRock Investment Quality Municipal Trust Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.
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