BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Free Report) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.057 per share on Monday, June 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Tuesday, May 14th.
BlackRock Investment Quality Municipal Trust has decreased its dividend by an average of 12.4% per year over the last three years.
BlackRock Investment Quality Municipal Trust Trading Up 1.0 %
Shares of NYSE:BKN opened at $12.12 on Friday. BlackRock Investment Quality Municipal Trust has a one year low of $9.57 and a one year high of $12.69. The stock has a fifty day moving average of $12.17 and a 200-day moving average of $11.60.
About BlackRock Investment Quality Municipal Trust
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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