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

BlackRock Municipal Income Fund, Inc. (NYSE:MUI) announced a monthly dividend on Friday, December 6th,NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Monday, December 16th.

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

BlackRock Municipal Income Fund Trading Down 0.5 %

Shares of MUI stock traded down $0.06 during trading hours on Friday, hitting $12.71. 159,651 shares of the company’s stock were exchanged, compared to its average volume of 291,358. BlackRock Municipal Income Fund has a fifty-two week low of $11.35 and a fifty-two week high of $12.83. The firm has a 50 day moving average of $12.55 and a two-hundred day moving average of $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.