BlackRock Municipal Income Fund, Inc. (NYSE:MUI) to Issue $0.06 Monthly Dividend

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.055 per share on Wednesday, February 26th. This represents a $0.66 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Friday, February 14th.

BlackRock Municipal Income Fund has increased its dividend by an average of 0.6% annually over the last three years.

BlackRock Municipal Income Fund Stock Up 0.1 %

Shares of BlackRock Municipal Income Fund stock traded up $0.02 on Tuesday, hitting $12.07. The stock had a trading volume of 540,175 shares, compared to its average volume of 467,967. BlackRock Municipal Income Fund has a one year low of $11.46 and a one year high of $12.83. The stock’s 50-day simple moving average is $12.33 and its two-hundred day simple moving average is $12.42.

About BlackRock Municipal Income Fund

BlackRock Muni Intermediate Duration Fund, 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 primarily invests in investment grade municipal bonds exempt from federal income taxes and with a duration of three to ten years at the time of investment.