BlackRock Municipal Income Fund, Inc. (NYSE:MUI) Declares Monthly Dividend of $0.06

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) declared a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.055 per share on Tuesday, December 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date is Monday, December 16th.

BlackRock Municipal Income Fund has decreased its dividend payment by an average of 10.3% per year over the last three years.

BlackRock Municipal Income Fund Stock Performance

Shares of NYSE MUI traded down $0.06 during mid-day trading on Friday, reaching $12.71. 159,651 shares of the company were exchanged, compared to its average volume of 291,358. BlackRock Municipal Income Fund has a 52 week low of $11.35 and a 52 week high of $12.83. The company’s 50 day moving average price is $12.55 and its 200 day moving average price is $12.43.

About BlackRock Municipal Income Fund

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.