Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) to Issue $0.05 Monthly Dividend
Blackrock Muni Intermediate Drtn Fnd Inc (NYSE:MUI) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of 0.045 per share on Friday, November 1st. This represents a $0.54 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Friday, October 11th.
Blackrock Muni Intermediate Drtn Fnd has decreased its dividend by an average of 7.4% annually over the last three years.
NYSE MUI traded up $0.03 on Thursday, reaching $14.25. The stock had a trading volume of 24,608 shares, compared to its average volume of 85,872. The firm has a fifty day moving average of $14.37 and a two-hundred day moving average of $14.07. Blackrock Muni Intermediate Drtn Fnd has a 1-year low of $12.30 and a 1-year high of $14.78.
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.
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