Blackrock Municipal 2020 Term Trust Declares Monthly Dividend of $0.03 (NYSE:BKK)
Blackrock Municipal 2020 Term Trust (NYSE:BKK) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.029 per share on Friday, November 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Friday, October 11th.
Blackrock Municipal 2020 Term Trust has decreased its dividend payment by an average of 7.9% annually over the last three years.
NYSE BKK opened at $15.08 on Thursday. Blackrock Municipal 2020 Term Trust has a 12 month low of $14.68 and a 12 month high of $15.14. The stock’s fifty day moving average price is $15.07 and its 200-day moving average price is $15.06.
BlackRock Municipal 2020 Term Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds exempt from federal income taxes.
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