Blackrock Municipal Income Trust (NYSE:BFK) declared a monthly dividend on Tuesday, May 2nd. Investors of record on Monday, May 15th will be paid a dividend of 0.065 per share by the investment management company on Thursday, June 1st. This represents a $0.78 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date of this dividend is Thursday, May 11th.
Blackrock Municipal Income Trust has decreased its dividend by an average of 1.9% annually over the last three years.
Shares of Blackrock Municipal Income Trust (NYSE:BFK) traded down 0.14% during trading on Friday, hitting $14.13. The company had a trading volume of 64,529 shares. Blackrock Municipal Income Trust has a 52 week low of $13.42 and a 52 week high of $16.02. The firm’s 50 day moving average is $13.98 and its 200-day moving average is $14.08.
About Blackrock Municipal Income Trust
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.