BlackRock Municipal Income Trust II (NYSEAMERICAN:BLE – Get Free Report) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.052 per share on Monday, June 3rd. This represents a $0.62 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Tuesday, May 14th. This is a boost from BlackRock Municipal Income Trust II’s previous monthly dividend of $0.03.
BlackRock Municipal Income Trust II has decreased its dividend payment by an average of 15.5% annually over the last three years.
BlackRock Municipal Income Trust II Price Performance
NYSEAMERICAN:BLE opened at $10.53 on Friday. BlackRock Municipal Income Trust II has a 52 week low of $8.77 and a 52 week high of $10.94.
BlackRock Municipal Income Trust II Company Profile
BlackRock Municipal Income Trust II 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 long-term and short-term investments, and money market funds. The fund primarily in investment grade municipal bonds that are exempt from regular federal income tax.
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